Chancellor warned hiking capital gains tax on share sales will 'choke off investment' in Britain

📆 2024-10-17 11:50 PM
📰 DailyMailUK

⏱ Reading Time:
19 sec. here
5 min. at publisher
📊 Quality Score:
News: 21%
Publisher: 90%

Dailymail News

News,Rachel Reeves,New York Times

By increasing the tax on selling shares, Ms Reeves would boost government revenues by 'low billions' of pounds, a government source told The Times

Plans to hike capital gains tax on share sales will 'choke off investment' in Britain, Rachel Reeves has been warned.

CGT is levied on profits made when selling assets, with different rates applying depending on what type of asset it is. But Steven Fine, chief executive of investment bank Peel Hunt, said: 'If we really want a growth economy, we need risk-taking and investment.'I'd urge the Government not to take such a damaging step and choke off investment.'

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chancellor Rachel Reeves promises to bring investment to Britain to boost living standardsRachel Reeves has said her ambition is for the UK to be 'the best place to start and grow a business' as she promised Labour will bring investment to Britain.
Source: SkyNews - 🏆 35. / 67 Read more »

Chancellor Rachel Reeves considers raising alcohol duty in Budget - but drinks industry bosses say the move...Chancellor Rachel Reeves is considering increasing alcohol duties in next month's Budget.
Source: LBCNews - 🏆 75. / 59 Read more »