Key facts
- Chancellor John Healey is not expected to propose capital gains tax changes in the Autumn Budget.
- The Autumn Budget is scheduled for October 28.
- Speculation about potential tax changes can unsettle investors.
Industry figures have welcomed reports that UK Chancellor John Healey will not propose changes to capital gains tax in the upcoming Autumn Budget. The Budget is scheduled for October 28, when Healey will outline the government’s economic agenda, including spending priorities and funding methods. Speculation about potential policy changes, particularly concerning taxation, is expected to intensify in the weeks leading up to the announcement. Last year, significant outflows from equities occurred in the run-up to the Budget, which reversed once mooted policy changes did not materialize. Prime Minister Andy Burnham has introduced cost-of-living measures, prompting questions about government funding. While there has been speculation about aligning capital gains tax with income tax, past rumours have not always translated into policy.