- UK budget debate over spending cuts and policy
- Political figures including Andy Burnham, John Healey, and Kemi Badenoch clashed over national budget policy in Parliament.
Tories pitch deregulation to City investors; Healey rejects capital gains tax hike
- Reports
- 4
- Developments
- 2
- Repetition
- 50%
New informationRepeats or wire copies
What happened
Kemi Badenoch hosted a roundtable with Goldman Sachs International’s chief executive, Anthony Gutman, on November 5, 2026, to discuss the UK political and business environment. During the Budget, John Healey rejected calls to raise capital gains tax, warning it could hamper economic growth or cost the government money. Kemi Badenoch also warned the government to slash spending plans and reduce borrowing.
Why it matters
The Tories are actively campaigning to attract investment through deregulation pitches. John Healey's rejection of the capital gains tax hike, coupled with the expected increase in the UK banking surcharge, alters the government's fiscal strategy and revenue projections.
Political figures, including Andy Burnham, John Healey, and Kemi Badenoch, have clashed over national budget policy in Parliament.
Who's involved
- Kemi BadenochLeader of the Tories and hosted a roundtable with City investors to pitch deregulation.
- John HealeyRejected calls to hike capital gains tax during the Budget.
- Goldman SachsHosted the roundtable with Kemi Badenoch to discuss the UK business environment.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Goldman SachsSpeculative
Might see increased investment demand due to the Tory deregulation pitches.
- Lloyds Banking GroupSpeculative
Might face changes in operational revenue due to the increase in bank profits tax.
- finance ministrySpeculative
Could see altered revenue projections due to the rejection of the capital gains tax hike.
- HSBCSpeculative
Could see changes in revenue due to the Budget's decision to increase bank profit rates.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Finance ministry faces pressure from Tory spending cuts and tax policyThe finance ministry may need to adjust fiscal planning due to policy shiftsLikely
- Tories' deregulation pitch may reshape England's economic landscapeTories' deregulation pitch could reshape England's economic and regulatory landscapePossible
- Tory deregulation pitches may boost Goldman Sachs' investment interestsGoldman Sachs may benefit from Tory pitches for deregulation and investmentPossible
How it developed
Newest first. Tap a step to see who reported it.Badenoch hosted a roundtable with Goldman Sachs while Tories pitched deregulation to City investors.1 source
Badenoch signed the Tories' cuts package while Healey rejected calls to hike capital gains tax.1 source
Keep exploring
Part of
Political figures including Andy Burnham, John Healey, and Kemi Badenoch clashed over national budget policy in Parliament.Also in this story
- Political figures criticized the government budget, with Healey signaling spending cuts and the Resolution Foundation issuing warnings.
- Kemi Badenoch criticized John Healey's budget, and Healey was interviewed on LBC.
- Kemi Badenoch publicly supports John Healey's proposed budget.
- Badenoch plans to support retailers with tax-free shopping as political figures clash over national budget policy.
The entities involved
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Tories
British political party (1678–1834), precursor of the modern Conservative Party
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Kemi Badenoch
British politician and Leader of the Opposition to the British Government (2024–present) and Leader of the Conservative Party since 2024 (born 1980)
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John Healey
British politician (born 1960)
Related events
- Kemi Badenoch plans to review and potentially withdraw powers from the Scottish Parliament following concerns over SNP policy failings.
- UK political parties are debating economic policy, with Kemi Badenoch proposing tax abolition and Tories facing challenges from Labour and Reform UK.
- Multiple figures, including Offord, Kruger, and Jenrick, defected from the Tories to Reform UK, amid leadership speculation.
- Kemi Badenoch offered political and economic critiques, warning that Healey's budget could damage the economy and aligning with the Bank of England on borrowing costs.