We know that Rishi has to raise a lot of cash, and the rumour is that CGT will be hiked to help pay for both lockdown and Brexit (the bill for which will easily outstrip the cost of the virus). Would that really be a disaster? It’s unlikely to lose votes in many former mining communities in the North of England. The majority of those who might occasionally have to pay it don’t usually have a clue what the rates or allowances are and assume they tie in with income tax; which I think is probably the plan. Or he could at least make the rate the same for shares and other investments as for property gains. A shoo in. I’d say.
“What next for investors if interest rates have peaked?”
What next is a much better couple (or more) of years ahead. If you have investments, you’ll have seen a pretty sharp ‘uptick’ since November after a pretty sharp ‘not much happening or going down’ since the beginning of 2022. We’ve said many times that when things move, they can move pretty quickly.
