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Chancellor rules out raising CGT: So what’s still on the table?

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Chancellor rules out raising CGT: So what’s still on the table?

Chancellor John Healey has reportedly ruled out increasing Capital Gains Tax (CGT) in his Budget on 28 October, following warnings that higher rates could discourage investment and prompt some wealthy people to move their money or delay selling assets.

That’s good news if you were planning on selling an asset in the near future that has increased in value, such as shares or a property that isn’t your primary residence. It looks like your tax bill now won’t be going up.

But with the Government under pressure to raise money somewhere – and CGT rises now seemingly off the table – changes will have to be made somewhere. So what could be coming instead?

We’ve put together a series of guides covering some of the most talked about rumours for Budget 2026 – along with what you can do to prepare:

What to expect if you’re planning for retirement

What to expect if you’re already retired

What to expect if you’re struggling with household bills

What to expect if you’re a business owner

What to expect if you’re a saver

What to expect if you’re a homeowner, landlord or renter

What to do next

Join us here on Budget day for live news announcements and our clear, easy-to-follow breakdown on what each announcement could mean for you.

We’ll help you understand what the Chancellor’s decisions mean for your bank balance, savings and investments – and what steps you could take next.

Clare West
Clare West Finance Editor

As a finance writer and editor, I can’t make decisions for you because only you know what’s right for you, and your personal priorities and goals. My role is to understand the things that are going to be important to you, remove anything that could work as a barrier to understanding, and then ensure you don’t miss a thing.

It’s an approach that has won me awards from professional bodies (‘Website of the Year’ at the Professional Adviser Awards 2021; Finalist – ‘Start Up of the Year’ at the UK FinTech Awards 2025) and seen me featured in the press as a commentator and expert.

Finances are about so much more than numbers on a page. Achieving your financial goals allows you to feel peace of mind, have confidence in your future, and achieve the things that matter to you. Financial wellbeing allows for life goal fulfilment.

I’ve spent more than a decade specialising in writing about financial services, so I know that in financial services, trust is absolutely vital. I am delighted, therefore, that everything we do at Investing Insiders centres around trust. Our mission is to write honest reviews based on our personal opinions and professional insights. We are not swayed in our opinions by incentives or influences from providers. Where we have a relationship with a provider that could affect our neutrality, we will let you know. But we are clear; whatever relationship we have with providers, our reader comes first. Simply put, we can’t be paid to change our opinion. My obligation is to you, the saver or investor, looking to build your wealth and protect your future.

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