Healey said to rule out capital gains tax rise before first budget
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Chancellor John Healey delivers his first budget in a week; the Times reports he will not raise capital gains tax after warnings it could cost revenue if wealthy people left the UK or deferred sales, despite pressure from senior allies of Andy Burnham for higher CGT on second homes and shares. The main revenue raiser will be a tax on banks, funding temporary cost-of-living support, while fiscal headroom falls from £23bn to about £15bn.
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