UK Budget: The Capital Gains Tax Threat

The Chancellor is desperately searching for cash, and your hard-earned wealth is directly in the crosshairs. Christian May explains the controversial tax raids being plotted in the Treasury ahead of John Healey's first Budget. Could a punishing wealth tax, soaring Capital Gains Tax, or a dreaded mansion tax become a grim reality for Britain? Christian looks into the dangerous proposals pushed by think tanks, and explains why hiking rates on the highest earners could backfire spectacularly, driving vital capital out of the City of London. Plus, discover the hidden scandal of "fiscal drag" that is already draining thousands of pounds from everyday salaries across the country. [00:00] The UK Tax Debate & Public Finances [01:11] The Capital Gains Tax Battle [02:42] Closing Wealth Loopholes & Private Equity [04:09] Who Really Pays the Most Income Tax? [05:34] The Hidden Cost of Fiscal Drag [08:05] The Chancellor's Budget Dilemma [09:08] The Looming Mansion Tax Threat Get more of City AM 👇 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: http://www.linkedin.com/company/cityam