Chancellor John Healey 'rules out increasing capital gains tax' in Budget

Chancellor John Healey 'rules out increasing capital gains tax' in Budget

John Healey is said to have rejected calls for the tax to be hiked over fears it could lead to a loss of Treasury revenues

20 Oct, 08:30

John Healey rules out capital gains tax hike in Budget

John Healey has squashed speculation he will raise capital gains tax in the forthcoming Budget after reportedly rejecting calls from his cabinet colleagues. The Treasury was facing lobbying efforts from top ministers, including Louise Haigh and Wes Streeting, to raise the capital gains tax (CGT) rate from its current level of 24 per cent for [...]

20 Oct, 06:28

Healey rules out increasing capital gains tax in the Budget

Chancellor decides against raising CGT rates after business leaders warned it would damage confidence in the economy

19 Oct, 22:22