From BBC News Website.
Keir Starmer has attempted to define who "working people" are, amid renewed scrutiny of his tax plans ahead of next week's Budget. Labour promised at the general election not to increase taxes on working people - but the party did not define who it had in mind.
The government is looking at increasing tax on asset sales, such as shares and property, freezing income tax thresholds, and changes to inheritance tax. The prime minister insists working people will not be hit by these changes - but he has struggled to define who exactly he is seeking to protect from tax rises.
The Conservatives have accused Labour of "reinventing" what counts as a working person, as the Budget approaches. In an interview the prime minister was asked whether those who work, but get additional income from assets such as shares or property, would count as working people.
He replied that they wouldn't come within my definition - ^but warned against making "assumptions" about what that meant for tax policy.
He said he thought of a working person as someone who “goes out and earns their living, usually paid in a sort of monthly cheque" and who can't "write a cheque to get out of difficulties". Speaking afterwards, his spokesman sought to clarify that those with a "small amount of savings" could still be defined as working people.This could include cash savings, or stocks and shares in a tax-free Individual Savings Accounts (ISA), he suggested.
My interpretation of this is that working people who have additional income from assets such as shares and property would not be classed as working people. Why not? They work and earn money, therefore they are working people who invest their money rather than spend it. Is this to be penalised?