Andy Burnham Planning 3 New Tax Bands Which Would 'Be Terrible' for Households

Andy Burnham planning 3 new tax bands which would 'be terrible' for households

Former Conservative Party Chancellor Sir Jeremy Hunt has warned a 24% CGT rate would be "terrible".

Captain gains tax hike would be 'terrible for economy', former Chancellor warns

Former Chancellor Jeremy Hunt has cautioned that pushing capital gains tax (CGT) beyond 24 per cent would prove "terrible for the economy" and ultimately deliver less money to Government coffers rather than more.

‘Capital Gains Tax rise would be terrible for economy’, says former Chancellor Jeremy Hunt

Former Chancellor and Conservative MP Jeremy Hunt has warned that raising CGT would be ‘terrible for the economy’, arguing that increasing the rate beyond 24% would ultimately reduce tax revenues as investors alter their behaviour. Speaking on IG’s The Art of Investing podcast, Hunt urged policymakers not to pursue higher CGT rates, saying the economic consequences would outweigh any short-term political gains. Jeremy Hunt said: “It would be ter…