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Burnham tax plans spark 'rush' to bank profits on investments
Western Daily Press
|July 03, 2026
ENTREPRENEURS and savers are rushing to bring forward the sale of their businesses or take profit on investments in anticipation of Andy Burnham's rumoured plans to fund his ambitious devolution agenda by equalising capital gains tax with income tax.
Tax and financial advisers reported a sharp uptick in client enquiries on the likely Prime Minister’s well-trailed wealth grab, with founders looking to speed up sale processes and high-net-worth individuals crystallising gains on longstanding investments.
“We are increasingly speaking to founders who are nervous about what a change of Prime Minister could mean for capital gains tax and their businesses,” Anthony Whatling, managing director at Alvarez & Marsal Tax, said.
This story is from the July 03, 2026 edition of Western Daily Press.
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