Multiple reports say Labour figures including Andy Burnham are considering a change to the UK’s capital gains tax (CGT) that would align CGT rates with income tax. The idea is presented as part of a wider tax policy discussion in which a potential Chancellor and Burnham are described as supporters. However, outside experts cited by the reports warn that increasing CGT could reduce incentives for investors to sell assets. That, in turn, could lower the amount of taxable gains realised and therefore undermine expectations for higher revenues. The reporting also claims the impact could be significant for the Exchequer, with estimates suggesting losses to HM Treasury of up to £8 billion per year if investor behaviour changes. The articles do not dispute the policy direction among the proponents, but they highlight uncertainty over whether the government would collect more overall revenue once behavioural effects are taken into account. The discussion therefore centres on the balance between higher rates on capital gains and potential reductions in transactions and reported gains.