Hargreaves Lansdown warns Healey: Don’t ‘penalise investors’ with capital gains hike

UK · 2026-10-07

1. Step 1 · The triggerHL lobbies Healey against CGT hike and for stamp duty abolition ahead of October 28 Budget
2. Step 2 · Knock-ona CGT rate increase reduces post-tax returns on realised gains, suppressing portfolio turnover and new-money flows into taxable wrappers
3. Step 3 · Knock-onHL's platform fee and transaction revenue fall as investor activity and AUM growth slow
4. Step 4 · Knock-onrival platforms (Interactive Investor, AJ Bell) suffer identical demand compression; LSEG sees UK equity trading volumes structurally impaired
5. Step 5 · Reaches youUK SME owners planning business exits face higher tax friction and may defer or restructure disposals, reducing M&A velocity and private-market liquidity

The trigger is reported by the source below. The steps that follow are Branch²’s traced reasoning — how the shock could reach a business like yours, not a prediction.

Source: City A.M.

This is automated analysis for information only. It is not investment advice, not a recommendation, and not a solicitation to buy or sell any security. Branch² is not authorised or regulated. Do your own research.