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Mmastodon BusinessMarkets first seen 6 h ago, last 8 min ago, peak #9

UK Chancellor Healey Rules Out Capital Gains Tax Hike

Original: 🟠 UPDATE UK Chancellor Healey Rejects Capital Gains Tax Hike Conservative leader Kemi Badenoch criticizes the decision,

UK Chancellor Healey has rejected a capital gains tax increase, drawing criticism from Conservative leader Kemi Badenoch, who claims the budget will be worse than Rachel Reeves's unless spending is cut. The decision marks a contrast with Healey's predecessor Rachel Reeves, whose tax policies it reverses.

Why now: The chancellor breaking from his predecessor's tax policy ahead of a budget is a major political and market story.

HealeyKemi BadenochRachel ReevesUK TreasuryConservative Party

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