Marginal Revolution
6/23/2026
Is the UK improving?
Short summary
UK Labour government plans to raise capital gains tax to match income tax, increase state ownership of essential services, and devolve economic power. The policy blueprint explicitly excludes AI and tech initiatives beyond existing EIS/SEIS adjustments. Summary drawn from insider Labour sources.
- •Capital gains tax aligned with income tax; possible exit tax introduced
- •Economic devolution and state ownership of energy, water, transport
- •No new AI or tech policy focus; only existing tax scheme adjustments
Generated with AI, which can make mistakes.
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