property

Healey's budget: the British government tries to keep capital in the country

Chancellor John Healey is preparing a 'do no harm' budget: no rise in capital gains tax, a new levy on banks and less red tape. The main challenge is the outflow of the super-rich, who have left the country with wealth of about $160 billion, plus pressure from defence spending. Chancellor John Healey is preparing a 'do no harm' budget: no increase in capital gains tax, a new levy on banks, and reduced bureaucracy. The main challenge is the outflow of the super-rich, who have left the country with combined wealth of around $160 billion, along with pressure from defence spending.