UK Economy: Capital Gains Tax

Debate between Lord Livermore and Lord Wrigglesworth

Wednesday 9th October 2024 Lords Chamber

[Lord Livermore (Lab)]

As set out in our manifesto, we are committed to not increasing taxes on working people, which is why we will not increase national insurance, basic, higher or additional rates of income tax, or VAT. I know the noble Lord would not expect me to comment on speculation about other specific taxes.

[Lord Wrigglesworth (LD)]

My Lords, does the Minister agree that uncertainty has grown in recent years as a result of us having two Budgets every year, in effect. Will he give an assurance that in future we will have only one Budget a year?