British government will not raise capital taxes to stem the flight of millionaires

The British Labour government, led by Andy Burnham, has confirmed it will not increase the capital gains tax, which currently stands at 24 percent. This decision is intended to prevent the migration of wealthy individuals to jurisdictions with more favorable tax environments. The announcement was made in London on October 20.

Separately, the French government has introduced a support package for approximately 3,000 businesses impacted by recent civil unrest. The measures, announced on October 20 in Paris, include interest-free loans of up to 50,000 euros and tax payment deferrals for affected retailers.