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

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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.

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

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• Healey to reject calls to raise CGT in budget

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%.