Budget Media Watch: Healey dismisses Labour MP calls for CGT hike

The report said ministers Wes Streeting and Louise Haigh had both previously backed raising CGT before Andy Burnham became prime minister. The chancellor's dismissal of the move was first reported in The Times, and then by the BBC. CGT is imposed on profits people make when they sell an asset that has gone up in value, the BBC explained. It is usually placed on company shares or non-primary residences.  It is charged at 18% for normal rate taxpayers and 24% for higher and additional rate taxpayers. The BBC said Healey had indicated his approach in a speech last month when he hig...