Keir Starmer has given a hint on where tax hikes will fall( Image: Getty) Sir Keir Starmer has admitted people who own shares and assets “ wouldn’t come within my definition of working people ”.... The Prime Minister’s spokesman said Sir Keir meant someone who primarily gets their income from assets.... He said: “ He’s accepting that people have some savings....

Sir Keir Starmer has personally sought to calm the markets after Labour’s tax-and-spend Budget unnerved traders. Chancellor Rachel Reeves announced plans for debt-fuelled spending on Wednesday that spooked markets and prompted a sell-off across bonds, shares and sterling. The Prime Minister has now stepped in to defend his Chancellor’s plans, saying that reform was essential to avoid a reliance on “ tax and spend ”.... Writing in the Financial Times, he said: “ Just as we cannot tax and spend o