Rachel Reeves under Labour pressure to raise capital gains tax to revive public services

Shadow chancellor Rachel Reeves meeting staff at Royal Bank of Scotland, Edinburgh. Photograph: Murdo MacLeod/The Guardian

Rachel Reeves is under pressure from Labour shadow ministers to raise capital gains tax as part of an autumn budget at which the shadow chancellor is considering up to a dozen new revenue-raising measures.

Members of the shadow cabinet want Reeves to increase rates of capital gains tax (CGT) as a way to raise billions more to pay for public services, as the shadow chancellor has already ruled out raising income tax, national insurance and VAT.