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Labour confirms plans to hit private equity bosses with tax hike

The Labour manifesto pledges to close the ‘carried interest tax loophole’

Sir Keir Starmer said Labour was the party of wealth creation as he launched its election manifesto
Sir Keir Starmer said Labour was the party of wealth creation as he launched its election manifesto Photo: John Keeble/Getty Images

The Labour Party has confirmed that it plans to hit private equity executives in the pocket if it wins the general election on 4 July.

Announcing its manifesto on 13 June, Labour said it would close the “carried interest tax loophoole”.

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