Rachel Reeves under Labour pressure to raise capital gains tax to revive public services

Exclusive: After ruling out rises in VAT, income tax or NICs, 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.