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Chancellor Weighs Exit Tax to Raise £10–15 Billion

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Story summary
  • Prime Minister Andy Burnham is plotting an early election within six months to raise taxes.
  • Chancellor John Healey is stress-testing tax options for next month’s Budget to raise £10-15 billion.
  • Healey is considering a 20 % exit tax on leavers’ assets and a 2 % levy on assets over £10 million.
  • Burnham denied early-election plans, saying he will work to the 2024 manifesto.