General · 5 July 2026
Blair Institute warns Burnham: £12B tax hike could harm innovation
Sir Tony Blair's institute has cautioned Andy Burnham against increasing capital gains tax, arguing it would harm innovation and growth. The think tank believes that aligning the levy with income tax rates would convey an unhelpful message to entrepreneurs. Andy Burnham, expected to be the next prime minister, faces calls to align capital gains tax with income tax, which could raise about £12 billion annually.
Reported by Independent · How we write briefs