Andy Burnham warned against raising capital gains tax

Summarised from 2 outlets · Updated 23 Sept, 04:03

City financiers have warned Andy Burnham against raising capital gains tax, saying it would damage investment.

Senior City figures have cautioned the Prime Minister against plans to increase capital gains tax from 24 per cent to 45 per cent, warning it would harm investment success. Academics have suggested such a move, along with changes to national insurance, could raise £26bn.

How it is being reported

• Burnham urged to launch £26bn tax raid on high earnersCity AM · 23 Sept, 00:01
• ANDREW GRIFFITH: Burnham would rather tax us all to death than take hard decisionsDaily Mail · 22 Sept, 23:09

In this story: Andy Burnham · John Healey · Centre for Analysis of Taxation · City

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