Stammer said in an interview at the International Investment Summit held in London today that the speculation that the British government is considering raising the capital gains tax to 39% is “outrageous.” This appears to be to appease businesses and investors before the October 30 budget. Normally, the Prime Minister does not comment on the measures the Chancellor of the Exchequer is considering. “This is an area that is off target,” he said. The capital gains tax rate is currently between 10% and 28%, which is below the income tax rate range. Investors warned that excessively high tax rates would damage entrepreneurship. Stammer is trying to reshape the position of his government. Stammer said that he will stick to the Labor Party's declaration and promise not to raise workers' national insurance, leaving the possibility for increasing the contribution of enterprises to wage tax. When asked if he is considering raising corporate payroll taxes, he said, “I'm afraid we won't know the details until the budget is announced.”

Stammer said in an interview at the International Investment Summit held in London today that the speculation that the British government is considering raising the capital gains tax to 39% is “outrageous.” This appears to be to appease businesses and investors before the October 30 budget. Normally, the Prime Minister does not comment on the measures the Chancellor of the Exchequer is considering. “This is an area that is off target,” he said. The capital gains tax rate is currently between 10% and 28%, which is below the income tax rate range. Investors warned that excessively high tax rates would damage entrepreneurship. Stammer is trying to reshape the position of his government. Stammer said that he will stick to the Labor Party's declaration and promise not to raise workers' national insurance, leaving the possibility for increasing the contribution of enterprises to wage tax. When asked if he is considering raising corporate payroll taxes, he said, “I'm afraid we won't know the details until the budget is announced.”