Labour can’t have their cake and eat it with CGT

Responding to comments from Labour MP Helen White that she wants house prices to fall, the Taxpayers’ Union is calling on Labour to explain how that squares with its capital gains tax and spending promises.

Taxpayers’ Union spokeswoman, Ella Dickson, said:

“Labour need to make their minds up. Do they want house prices to spiral, which is the only way their capital gains tax will raise anything close to what they’re claiming, or do they want them to fall, and have the CGT make zero revenue?”

“Labour can’t have it both ways, so it’s time to front up on what they want.”