Rachel Reeves under pressure from shadow ministers to raise capital gains tax to revive public services

Rachel Reeves under pressure from shadow ministers to raise capital gains tax to revive public services

After ruling out rises in VAT, income tax or national insurance, shadow chancellor said to be weighing other options to raise cash in an autumn budget

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Rachel Reeves is under pressure from Labour shadow ministers to raise capital gains tax as part of an autumn budget at which the shadow chancellor is considering up to a dozen new revenue-raising measures.

Members of the shadow cabinet want Reeves to increase rates of capital gains tax (CGT) as a way to raise billions more to pay for public services, as the shadow chancellor has already ruled out raising income tax, national insurance and VAT.

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