{
  "id": 13111234,
  "title": "Healey is chasing away City professionals for very short-term gains",
  "url": "https://urgent.news/2026/10/09/healey-is-chasing-away-city-professionals-for-very-short-term-gains",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-09T11:49:37.000Z",
  "source": {
    "name": "City AM",
    "slug": "city-am",
    "url": "https://www.cityam.com/healey-is-chasing-away-city-professionals-in-aid-of-very-short-term-gains/"
  },
  "original_language": "en",
  "account": "The government's focus on short-term tax gains may lead to the loss of City professionals, argues Tom Goddard. Healey's proposed tax increases, such as Capital Gains Tax and dividend tax, could deter financial professionals from remaining in the UK due to their ability to relocate if they perceive unfair tax treatment or ineffectual spending. These professionals contribute significantly to the UK economy, with the top 10% of taxpayers accounting for 60% of income tax receipts. The financial sector in London, a global hub for financial services and asset management, generates approximately £200bn of the UK's GDP and supports over 2.5 million jobs. The government should instead recognize these professionals as drivers of economic activity and focus on promoting their growth rather than treating them as a source for ever-increasing taxation.",
  "summary": "Retaining the individuals who fund business expansion should be considered a national priority, but Healey looks more likely to drive them away.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}