Multiple outlets report that Tony Blair’s think tank warns Labour leadership figure Andy Burnham not to raise the capital gains tax. The reports say the warning is set out in arguments that higher capital gains tax rates could discourage investment and affect broader economic activity. While the articles focus on the policy debate around capital gains tax, they present the same core message: Blair’s affiliated policy group urges caution and calls for avoiding increases. The coverage frames the intervention as part of wider political negotiations over taxation and Labour’s economic agenda. Across the sources, the details highlighted are consistent in substance, though they do not provide extensive specifics on the proposed tax rate changes or the precise modelling or evidence cited. Overall, the reports depict a direct policy warning from Blair-linked advisors to Burnham regarding the potential consequences of a capital gains tax hike, reflecting an internal debate within Labour about how to balance revenue measures with the impact on investors and the economy.