Starmer's vision quest
- Thread starter mjr
- Start date
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Pross
Regular
You do realise that is just a ward on the County Council where the winner got just over 500 votes don't you?
icowden
Squire
You do also realise that a drop in capital gains tax doesn't necessarily mean the wealthy are quitting Britain? It means that fewer disposals are being made. I.e. fewer wealthy people could be leaving Britain therefore they aren't selling their mansions and farmland, therefore no capital gains tax...
icowden
Squire
No, no no. Understand the percentages. Looking is no good. It only excites people who are hard of thinking.
Stevo 666
Well-Known Member
Whether they are leaving or altering their behaviour, the end effect of this supposed tax raising measure is the same - less tax collected.
icowden
Squire
Only less capital gains tax. If they aren't leaving, they might be paying more income tax...
Ian H
Legendary Member
CGT receipts fell slightly in 2023-24, reflecting a return to the long-run trend in receipts after two years of unusually high-value disposals.
https://obr.uk/forecasts-in-depth/tax-by-tax-spend-by-spend/capital-gains-tax/
The graph then goes up again.
icowden
Squire
Spoilsport!
CXRAndy
Guru
Pross
Regular
Wait, are you saying the information Andy posted wasn't an entirely accurate picture? 😯
CXRAndy
Guru
The reporter was from the Times, but hey maybe the Times are fake news now 😁
Ian H
Legendary Member
Accurate as far as it went, and misleading by omission. Dishonest reporting.
CXRAndy
Guru
I suggest you contact the Times economics reporter
