Bloomberg Quicktake | Starmer Signals UK Won't Raise Capital Gains Tax to 39% @BloombergQuicktake | Uploaded October 2024 | Updated October 2024, 14 hours ago.
Prime Minister Keir Starmer said speculation that the UK government was considering raising capital gains tax as high as 39% was “wide of the mark.”
The remarks, in a television interview with Bloomberg’s Head of Economics and Politics Stephanie Flanders at the International Investment Summit in London on Monday, appeared to be an attempt to calm businesses and investors ahead of the Oct. 30 budget. Usually the premier does not comment on which measures Chancellor of the Exchequer Rachel Reeves is considering.
“A lot of speculation is getting pretty wide of the mark,” Starmer said in answer to a question about reports that Reeves could hike capital gains tax to 39% from a top rate of 28% currently. “That’s getting to an area which is wide of the mark,” he said.
Read more: bloomberg.com/news/articles/2024-10-14/starmer-signals-uk-won-t-raise-capital-gains-tax-as-high-as-39?srnd=homepage-americas&sref=omvmmwIg
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Prime Minister Keir Starmer said speculation that the UK government was considering raising capital gains tax as high as 39% was “wide of the mark.”
The remarks, in a television interview with Bloomberg’s Head of Economics and Politics Stephanie Flanders at the International Investment Summit in London on Monday, appeared to be an attempt to calm businesses and investors ahead of the Oct. 30 budget. Usually the premier does not comment on which measures Chancellor of the Exchequer Rachel Reeves is considering.
“A lot of speculation is getting pretty wide of the mark,” Starmer said in answer to a question about reports that Reeves could hike capital gains tax to 39% from a top rate of 28% currently. “That’s getting to an area which is wide of the mark,” he said.
Read more: bloomberg.com/news/articles/2024-10-14/starmer-signals-uk-won-t-raise-capital-gains-tax-as-high-as-39?srnd=homepage-americas&sref=omvmmwIg
--------
Subscribe to our YouTube channel: https://trib.al/KM4k5RA
Subscribe to Bloomberg Originals: https://trib.al/dJv9Uw8
Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
Connect with us on…
YouTube: youtube.com/user/Bloomberg
Breaking News on YouTube: youtube.com/@BloombergQuicktakeNow
