Helen Miller

speaker

436 appearances 4 recordings 1 series first heard Apr 2026 last heard 3 Sep

Helen Miller’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 4 in all, peaking in Sep 2026 with 1.

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Newscast · The Rachel Reeves "Fun" Tax Cuts · 21 May 2026 podcast

And that's where all these things fall down because everyone thinks, oh, this all sounds great, but the genuine entrepreneurs get different rates.

You can't identify in advance who a genuine entrepreneur is.

After the fact, once somebody's got an amazing soft play centre and they're doing great, then you can say, oh, that guy, that guy did it.

But if you're starting a business and you look at businesses, you just can't tell.

And the minute you can't tell and you give a tax break to business owners, it's also all the other people

It's no good waiting until Chris goes to the tax plan and says, you know, I've got my capital gain, now can I have my lower rate?

If it's going to be an incentive, it has to be in advance.

So I do get worried about this idea that we've got this great plan, but we're going to do this carve-out, because those carve-outs are exactly the thing that makes it all fall apart.

Yeah, so I think that comes from a research report written by a different think tank.

My personal view is that's a bit of a punchy number.

Too high, yeah.

But importantly, I mean, we could haggle.

I mean, nobody's got great data on capital gains tax stuff in a way that it's really hard to do revenue estimates.

So it's a bit high for my taste.

I'd go with something in the single digit billions.

But most importantly...

what that number assumes is that you do a really full package of things.

So you close the borders, you stop uplift at death, so you tax gains when people die, you do this full base reform and you put rates up quite a long way.

So if you do all of that, then maybe you're getting there.

It does not include carve-outs for entrepreneurs, for example.

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