Andy Burnham considering new 45% HMRC capital gains tax band

Contributing sentiments towards policy:

59% : We can pay for it by making the tax system fairer - starting with capital gains and the billions we currently hand to banks in interest.
53% : Makerfield MP Mr Burnham and his Chancellor are understood to be reviewing proposals to raise CGT to as high as 45 per cent to increase the income tax personal allowance.
52% : Equalising CGT with income tax would generate £14bn towards the giveaway, the submission claims. READ MORE Andy Burnham government confirms change to student loans after repayment row Mr Vince said: "If Labour wants to get the economy moving, it should put money into the pockets of people who will spend it.
50% : The proposal urges Mr Burnham and Chancellor John Healey to consider raising capital gains tax (CGT).
49% : Government has been handed a submission from Dale Vince, the Labour donor Andy Burnham could raise capital gains tax to 45 per cent to fund a tax break for low earners, it has been reported.
47% : A Treasury spokesman said: "As has always been the case, decisions on tax are a matter for the Chancellor to set out at fiscal events, rather than routinely commenting on rumour, speculation or proposals."

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