John Healey rules out capital gains tax hike in Budget October 20, 2026 John Healey has squashed speculation he will raise capital gains tax in the forthcoming Budget after rejecting calls from his Cabinet colleagues. The Treasury was facing lobbying efforts from top ministers, including Louise Haigh and Wes Streeting, to raise the capital gains tax (CGT) rate from its current level of 24 per cent for higher [...]
Why Healey will miss a £25bn bonus from better productivity October 20, 2026 The UK economy’s productivity picture has radically changed in the last year. Maurício Alencar considers what this could mean for John Healey. For weeks leading up to last year’s Budget, reports dripping from so-called Treasury sources insisted it was not Rachel Reeves’ fault that tax hikes worth billions of pounds were on the horizon. The [...]
Wealthy investors accelerate gifting amid fears of Budget tax raid October 20, 2026 Wealthy Brits are accelerating plans to gift money to family members as fears over possible tax changes in the looming Autumn Budget grow. Over 40 per cent of wealthy investors with an average wealth of £3.1m, said they have already gifted money or are seriously considering doing so over Budget worries, according to fresh analysis [...]
‘Disaster’: Advisers raise the alarm on family business tax raid October 19, 2026 John Healey’s potential tax raid on family businesses could make handing down companies to the next generation a “disaster” and damage the economy, advisers have warned. The Chancellor is reportedly considering proposals to levy income tax when business owners hand down to their children, potentially almost doubling the bill. Under current rules, transfers can be [...]
Healey plots Budget raid on family businesses October 19, 2026 John Healey has reportedly drawn up plans for a tax raid on family businesses ahead of his first Budget, as he scrambles to avoid spending cuts. The Chancellor is considering proposals to levy income tax when business owners hand their company down to their children, potentially almost doubling the tax bill, according to a report [...]
Was the transfer window impacted by UK tax rules? October 17, 2026 This summer’s transfer window again showed the purchasing power of the Premier League, with almost £3.5bn being spent on transfer fees. And, while there were players being bought from foreign teams, there was also a significant number of very high value transfers between Premier League clubs this summer, which is notable compared to previous transfer [...]
Omaze in court over tax dispute on luxury house prize draws October 16, 2026 Luxury house prize draw platform Omaze has appealed against HMRC over whether paid entries in its prize draws are subject to standard-rate VAT. An Omaze spokesperson told City AM the platform “has been paying VAT in the UK since 2021.” Omaze lists itself on its website as “not a charity raffle, house or cash raffle [...]
What could a bank tax raid mean for JP Morgan’s Canary Wharf mega-tower? October 16, 2026 When Jamie Dimon and John Healey first exchanged remarks, the world’s most influential banker told the Chancellor how important it was to get public policy right. The Wall Street chief is understood to have said the right public policy was the key to solving the issues facing global economies, according to those close to the [...]
Healey’s ‘mixed messages’ on bank tax leave City blindsided October 16, 2026 The City was left reeling on Friday following reports that John Healey was drawing up plans to tax banks in the forthcoming Budget. Industry heavyweights across the UK have fired warning shots as Healey weighs up different options to target the banking industry with a hefty cash raid. One City figure told City AM a [...]
Lloyds and Barclays shares fall as Healey ‘poised’ to hike bank tax October 16, 2026 Shares in Britain’s banking giants tumbled this morning after new reports suggested John Healey is set to raise taxes on lenders when he delivers his first Budget at the end of the month. Natwest dropped two per cent to 660.40p, while Lloyds was down around 2.5 per cent to 103.40p. Barclays slid 0.4 per cent [...]