# Here’s where I fear Labour could strike in the Budget: JEFF PRESTRIDGE on how to protect your savings, pensions and wealth

- URL: https://talkfuse.com/story/heres-where-i-fear-labour-could-strike-in-the-budget-jeff-prestridge-on-how-to-protect-your-savings-pensions-and-wealth/
- Published: 2026-10-28T06:38:23+00:00
- Updated: 2026-10-28T11:38:47+00:00
- Original publisher: Daily Mail (publisher lean: Right)
- Original article: https://www.dailymail.com/money/experts/article-16239131/Labour-strike-Budget-prepare-Jeff-Prestridge-savings-pensions-wealth.html?ns_mchannel=rss&ns_campaign=1490&ito=1490
- Topics: Americas, World

## Key points

- The Budget may bring targeted help for households.
- Capital gains tax rises have been ruled out.
- Past tax speculation prompted unnecessary pension withdrawals.

## Summary

Ahead of the Budget, the article considers possible changes that could affect household savings, pensions and wealth. It argues that further tax rises would put pressure on families and businesses, while noting that early signals from Chancellor John Healey suggest a gentler approach than the previous Budgets.

The article says Labour has ruled out another rise in capital gains tax, which is currently 18 per cent for basic-rate taxpayers and 24 per cent for higher and additional-rate taxpayers. Possible measures include more help with energy bills, a personal allowance top-up for around one million low-income pensioners, and scrapping planned fuel duty increases from 52.95p to 55.95p a litre. It also recalls that tax changes announced in the 2024 and 2025 Budgets raised £75 billion combined, and that past speculation led some people to withdraw pension cash unnecessarily.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.