UK Economy: Capital Gains Tax Debate

Full Debate: Read Full Debate
Department: HM Treasury

UK Economy: Capital Gains Tax

Lord Wrigglesworth Excerpts
Wednesday 9th October 2024

(1 month, 2 weeks ago)

Lords Chamber
Read Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
Lord Livermore Portrait Lord Livermore (Lab)
- View Speech - Hansard - - - Excerpts

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 Portrait Lord Wrigglesworth (LD)
- View Speech - Hansard - -

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?