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Raising Capital Gains Tax would hit asset owners and ‘make absolutely no difference’ to investment, study finds
A general view of 5, 10, 20 and 50 of bank notes

GOVERNMENT was urged to raise capital gains tax to equal income tax as a new study today reveals the policy would only harm “passive asset owners” rather than investors.

The Institute for Public Policy Research (IPPR) said this would raise around £14 billion a year.

Prime Minister Sir Keir Starmer has said speculation the tax would be raised as high as 39 per cent in this month’s budget was “wide of the mark.”

“The cost of capital and the delay [in planning regime and regulation] is killing you, and furthermore you’re not going to achieve your 2030 energy goal, which is laudable, without fixing this,” he claimed.

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