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Chancellor John Healey Rejects Equal Capital Gains, Income Tax

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Story summary
  • Chancellor John Healey rejected calls to equalise capital gains and income tax rates.
  • British households have spent £13,961 on mortgages, loans, energy and water bills since 2021.
  • The TUC urged Healey to cap rent rises, limit bills to £2,000 and freeze fuel duty.
  • IPPR said a capital gains tax rise could raise £16 billion, paired with an entrepreneur “super exemption”.
  • IMF urged Healey to stay course on cutting the budget deficit.