Event Brief
Oct 19, 2026 at 10:07 PM ET
Healey rules out CGT increase in Budget
By The BriefBrief
Chancellor Rachel Reeves ruled out raising capital gains tax rates in the Budget after business leaders warned an increase would damage confidence in the economy. Influential Labour figures had pushed to equalise capital gains tax and income tax, while critics said that could drive wealthy people out of Britain.
WHO: Chancellor Rachel Reeves
WHAT: Ruled out increasing capital gains tax rates in the Budget.
WHEN: Reported Oct 19, 2026 at 6:22 PM ET
WHERE: United Kingdom
WHY: Business leaders warned that raising the rates would damage confidence in the economy.
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