Chancellor Healey rules out raising capital gains tax in the Budget
Summary
Chancellor Healey has rejected calls to raise capital gains tax at the Budget, having faced a barrage of voices urging a rise in the tax, which applies to the profit made from selling off assets, the Evening Standard and The Independent reported on Tuesday 20 October. The Financial Times reported that the Chancellor decided against raising CGT rates after business leaders warned it would damage confidence in the economy.
Latest: Chancellor Healey rejected calls to raise capital gains tax at the Budget, the Evening Standard and The Independent reported, and the Financial Times said the Chancellor decided against raising CGT rates after business leaders warned it would damage confidence in the economy.
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How it unfolded
Tuesday 20 October
Chancellor Healey rejected calls to raise capital gains tax at the Budget, the Evening Standard and The Independent reported, and the Financial Times said the Chancellor decided against raising CGT rates after business leaders warned it would damage confidence in the economy.
- 03:15The IndependentJohn Healey rejects calls to raise capital gains tax in Budget
- 02:15Evening StandardJohn Healey rejects calls to raise capital gains tax at the Budget
Monday 19 October
- 19:01The IndependentHealey rejects calls to raise capital gains tax at the Budget
- 19:01Evening StandardHealey rejects calls to raise capital gains tax at the Budget
- 18:22Financial TimesHealey rules out increasing capital gains tax in the Budget