Healey to reject calls to raise capital gains tax in budget

Cabinet colleagues have previously called for an increase but chancellor feels it might ultimately cost the Treasury

John Healey will not raise capital gains tax in next week's budget, despite previous calls to do so from cabinet colleagues including Louise Haigh and Wes Streeting.

The chancellor has decided that any increase might ultimately cost the Treasury if wealthy individuals defer the sale of assets or move them out of the country, according to Treasury sources.