Rachel Reeves under pressure from shadow ministers to raise capital gains tax to revive public services

Exclusive: After ruling out rises in VAT, income tax or NICs, shadow chancellor said to be weighing other options to raise cash in an autumn budgetStarmer says Sunak broke ministerial code with tax claimReality check: the truth behind the Tories’ £2,000 tax claimRachel Reeves is under pressure from Labour shadow ministers to raise capital gains tax as part of an autumn budget at which the shadow chancellor is considering up to a dozen new revenue-raising measures.Members of the shadow cabinet want Reeves to increase rates of capital gains tax (CGT) as a way to raise billions more to pay for public services, as the shadow chancellor has already ruled out raising income tax, national insurance and VAT. Continue reading...

Jun 6, 2024 - 16:30
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Rachel Reeves under pressure from shadow ministers to raise capital gains tax to revive public services

Exclusive: After ruling out rises in VAT, income tax or NICs, shadow chancellor said to be weighing other options to raise cash in an autumn budget

Rachel Reeves is under pressure from Labour shadow ministers to raise capital gains tax as part of an autumn budget at which the shadow chancellor is considering up to a dozen new revenue-raising measures.

Members of the shadow cabinet want Reeves to increase rates of capital gains tax (CGT) as a way to raise billions more to pay for public services, as the shadow chancellor has already ruled out raising income tax, national insurance and VAT. Continue reading...

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