UK Chancellor John Healey Rules Out Raising Capital Gains Tax in Budget

The signal here is less about the tax itself than about expectations: a widely anticipated increase has been taken off the table before the fiscal statement, which narrows the uncertainty that had been hanging over asset disposals and, by extension, crypto and other holdings that fall under capital gains treatment. The practical effect is a known outcome replacing a speculative one, though the item offers no detail on what the budget will contain instead. Whether the rest of the fiscal package introduces offsetting measures is the open question.