The Aporia
The Aporia
Lynch, D. (2026, October 19). Healey rejects calls to raise capital gains tax at the Budget. Evening Standard. https://www.standard.co.uk/news/politics/andy-burnham-john-healey-budget-kemi-badenoch-government-b1301528.html
Lynch, David. “Healey rejects calls to raise capital gains tax at the Budget.” Evening Standard, 19 Oct. 2026, https://www.standard.co.uk/news/politics/andy-burnham-john-healey-budget-kemi-badenoch-government-b1301528.html.
Lynch, David. “Healey rejects calls to raise capital gains tax at the Budget.” Evening Standard, October 19, 2026. https://www.standard.co.uk/news/politics/andy-burnham-john-healey-budget-kemi-badenoch-government-b1301528.html.
Dated from the outlet's own feed. Check the original for its byline.
As of October 19, 2026, Labour's calls for raising the capital gains tax were rejected by Treasury Minister Healey. Lord O’Neill of Gately, who advised Mr Burnham on the Northern Powerhouse project, argued that increasing this tax would send a negative signal to businesses. Instead, the government plans to increase the profit tax rate for banks as its main revenue-raising measure in the upcoming Budget. This move is expected to fund support for households and businesses dealing with cost-of-living issues. Chancellor Healey acknowledged Britain's "tough" financial situation and signaled that major new taxes are unlikely ahead of the October 28 statement. Meanwhile, a poll by Ipsos indicated that 67% of the public have mixed views on the current Chancellor’s economic management.
she will urge Mr Burnham and his Chancellor to “live within our means”
