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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.

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© Photograph: Christopher Thomond/The Guardian

© Photograph: Christopher Thomond/The Guardian

© Photograph: Christopher Thomond/The Guardian

Surprise drop in UK unemployment to 4.7% as John Healey’s first budget looms

Latest ONS data presents mixed picture amid slump in job vacancies and analysts warning labour market is ‘running on idle’

Unemployment in the UK has fallen unexpectedly in the final snapshot of the jobs market before John Healey’s first budget next week.

The jobless rate fell to 4.7% in the three months to August, from 4.9% according to the Office for National Statistics. City economists had forecast a rise to 5%.

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© Photograph: Susannah Ireland/The Guardian

© Photograph: Susannah Ireland/The Guardian

© Photograph: Susannah Ireland/The Guardian

Closer EU trade ties greater prize for UK than making separate deals, minister says

14 October 2026 at 14:58

Exclusive: Douglas Alexander, on trade delegation to India, talks up economic benefits of joint trading arrangements with Europe

Britain will benefit from much closer trading relations with the EU even if that means giving up its ability to negotiate free trade agreements, the Scotland secretary has said.

Douglas Alexander helped negotiate deals with India and the US when he was a trade minister under Keir Starmer.

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© Photograph: X/Douglas Alexander

© Photograph: X/Douglas Alexander

© Photograph: X/Douglas Alexander

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