UK’s Reeves Declines to Rule Out Raising Capital Gains Tax
- Chancellor in interview promises to strike right balance
- Reeves has warned of difficult decisions at Oct. 30 budget
Rachel Reeves
Photographer: Jose Sarmento Matos/BloombergThis article is for subscribers only.
UK Chancellor of the Exchequer Rachel Reeves declined to rule out increasing the capital gains tax after warning that difficult decisions will be taken to fill a £22 billion ($28 billion) budget black hole.
Reeves, in an interview with Bloomberg Television Monday, said that the UK will strike the “right balance” on tax at the budget due Oct. 30, after speculation that she could target the capital gains levy.