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Bloomberg Television

Starmer signals UK won’t raise capital gains tax to 39% ๐Ÿ˜บ

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there’s quite a lot of what might be cons might be just crazy speculation around where capital gains tax might go for example so something like a 39% rate can you reassure people that whatever the change is it won’t be anything that significant well quite a lot of speculation is is getting pretty wider the mark but so you say 39 is wide off wider the mark yeah it’s getting to the area which is is wider the mark but I’m not going to fuel the speculation because we can go on like this for a very long time until budget day everybody knows that until budget Day none of that is going to be um revealed it was important that when we came into office into government we looked at the books we assessed the state of the economy we needed to understand the damage that’s been done and that 22 billion pound black hole is a real problem that we’ve got to deal with and make sure that we go through all the processes necessary for a properly thought through budget so that’s why we put the timing as it is it’s the right timing but equally it’s been really fantastic to have this invest Summit just a few weeks before the budget where the mood music here is very upbeat people are talking about a real opportunity now to invest in the UK comparing it as a sort relative Advantage across the world we want to seize that opportunity and take it forward with many of the investors that are here

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