Chancellor reveals whether he would raise capital gains tax in Budget

• Chancellor John Healey has ruled out raising capital gains tax in the upcoming Budget over fears it could hamper economic growth.
• The decision follows warnings that higher rates could encourage wealthy individuals to move abroad or delay selling assets.
• The primary revenue-raising measure in the Budget is expected to be an increased tax rate on bank profits to fund cost-of-living support.
• Conservative leader Kemi Badenoch has called on the government to live within its means, advocating for £70bn in spending cuts.
• Pre-Budget polling by Ipsos shows that 65 per cent of the public expect tax rises in the statement on 28 October.

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