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.
BBC News reports: Influential Labour figures had been pushing for equalising CGT and income tax, but critics have said this could drive wealthy people out of Britain.
This business story centres on the United Kingdom. Names and organisations mentioned in the coverage include Capital Gains Tax, Budget and Influential Labour.
Why it matters
Moves like this are watched by investors, employers and consumers because of their potential effect on markets and the wider economy.
Key details
- Location
- United Kingdom · Europe
- Reported by
- BBC News
- First reported
- Key names
- Capital Gains Tax, Budget, Influential Labour, CGT
- Section
- Business
Sources
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