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Chancellor Reeves Targets £2 Billion with Dividend Tax Hike

11/10/2025

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Summary

Story summary

Chancellor Rachel Reeves plans to raise the dividend tax rate in the November 26 Budget, aiming to raise up to £2 billion.
The move aligns with Labour's goal to equalize taxation on wealth and earnings.
It could deter investment and harm pensioners who rely on share income.
Culture Secretary Lisa Nandy urged honoring manifesto commitments as speculation grows about income tax rises to close a £30 billion gap.

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Story summary

Chancellor Rachel Reeves plans to raise the dividend tax rate in the November 26 Budget, aiming to raise up to £2 billion.
The move aligns with Labour's goal to equalize taxation on wealth and earnings.
It could deter investment and harm pensioners who rely on share income.
Culture Secretary Lisa Nandy urged honoring manifesto commitments as speculation grows about income tax rises to close a £30 billion gap.