Chancellor reveals whether he would raise capital gains tax in Budget

• Chancellor John Healey has ruled out raising capital gains tax in the upcoming Budget over fears it could hamper economic growth.
• The decision follows warnings that higher rates could encourage wealthy individuals to move abroad or delay selling assets.
• The primary revenue-raising measure in the Budget is expected to be an increased tax rate on bank profits to fund cost-of-living support.
• Conservative leader Kemi Badenoch has called on the government to live within its means, advocating for £70bn in spending cuts.
• Pre-Budget polling by Ipsos shows that 65 per cent of the public expect tax rises in the statement on 28 October.

IN FULL

John Healey rejects calls to raise capital gains tax in Budget