Burnham faces pressure over potential tax rises on capital gains
Summarised from 4 outlets · Updated 24 Sept, 23:24 · Archive
Prime Minister Andy Burnham is considering raising capital gains tax as part of Budget planning.
Prime Minister Andy Burnham is considering raising capital gains tax as part of Budget planning, with academics suggesting a £26bn tax raid on high earners. Senior City financiers and executives have warned that hiking capital gains tax from 24 per cent to 45 per cent could harm investment. Burnham said the Budget needs to 'get balance right' on tax increases, noting that taxes rose in 2024 and 2025 under previous Chancellor Rachel Reeves.
How it is being reported
- Burnham’s tax trap just got harder – here’s whyChancellor John Healey warned 'getting lucky isn't a plan'The i Paper · 24 Sept, 18:33
- Andy Burnham says Budget needs to 'get balance right' on tax hikesThe Prime Minister said he was conscious that taxes had gone up in 2024 and 2025 as previous Chancellor Rachel Reeves battled to fix the mess the Tories left of the public financesThe Mirror · 23 Sept, 22:07
- Burnham urged to launch £26bn tax raid on high earnersChancellor John Healey and Prime Minister Andy Burnhm could raise £26bn by hiking capital gains taxes and applying national insurance to other areas of income, according to plan put forward by academics that will rattle the City and Westminster ahead of this year’s Budget. Researchers at the Centre for Analysis of Taxation (Centax), consisting of [...]City AM · 23 Sept, 00:01
- ANDREW GRIFFITH: Burnham would rather tax us all to death than take hard decisionsSenior financiers and chief executives in the City warned Andy Burnham that his rumoured plans to hike capital gain tax from 24 per cent to 45 per cent would be a huge drag on the success of investment.Daily Mail · 22 Sept, 23:09
In this story: Andy Burnham · John Healey · Rachel Reeves · Centre for Analysis of Taxation
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