UK Economy: Capital Gains Tax Debate

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Department: HM Treasury

UK Economy: Capital Gains Tax

Lord Wrigglesworth Excerpts
Wednesday 9th October 2024

(1 week ago)

Lords Chamber
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Lord Livermore Portrait Lord Livermore (Lab)
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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)
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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?