Emerging

Healey to reject calls to raise capital gains tax in budget

Cabinet colleagues have previously called for an increase but chancellor feels it might ultimately cost the Treasury John Healey will not raise capital gains tax in next week’s budget, despite previous calls to do so from cabinet colleagues including Louise Haigh and Wes Streeting. The chancellor has decided that any increase might ultimately cost the Treasury if wealthy individuals defer the sale of assets or move…

2-source coverage 2 references
GuardianBBC
Chancellor rejects calls to raise Capital Gains Tax in Budget BBC News – UK
In brief

What the sources add

Influential Labour figures had been pushing for equalising CGT and income tax, but critics have said this could drive wealthy people out of Britain.

Source coverage

Media reports

UK
Guardian

Healey to reject calls to raise capital gains tax in budget

Chancellor rejects calls to raise Capital Gains Tax in BudgetBBC News – UK
BBC

Chancellor rejects calls to raise Capital Gains Tax in Budget

Influential Labour figures had been pushing for equalising CGT and income tax, but critics have said this could drive wealthy people out of Britain.

Discovery

See what’s emerging. See what’s changing.

Explore stories gaining momentum and continuing events with new developments.