Starmer Signals UK Won’t Raise Capital Gains Tax to 39%
- Prime minister has convened summit of international investors
- British premier speaks in Bloomberg television interview
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Prime Minister Keir Starmer rejected the suggestion that the UK government was considering raising capital gains tax as high as 39%, as he tried to reassure investors that he’s leading a pro-business government.
“A lot of speculation is getting pretty wide of the mark,” Starmer told Bloomberg Television in answer to a question about a report in the Guardian 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. Decisions in the budget on Oct. 30 “will be determined by whether they help growth or not,” he added.