Event Brief
UPDATED Oct 20, 2026 at 5:08 AM ET
Oct 19, 2026 at 10:07 PM ET
Healey rejects capital gains tax increase in budget
By The BriefBrief
Chancellor of the Exchequer John Healey will not increase the UK’s capital gains tax in next week’s budget, Bloomberg reported. Influential Labour figures had pushed to equalize capital gains and income tax, while critics said the change could drive wealthy people out of Britain. Healey is relying instead on a levy on bank revenues to fund Labour’s plans.
WHO: Chancellor of the Exchequer John Healey
WHAT: John Healey rejected calls to increase capital gains tax in the UK budget next week.
WHEN: Reported Oct 20, 2026 at 4:44 AM ET
WHERE: United Kingdom
WHY: Healey is relying instead on a levy on bank revenues to fund the Labour government’s plans.
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