Part of 1. 1. Questions to the First Minister – in the Senedd at 1:39 pm on 2 May 2017.
Well, the First Minister is obviously not aware of what happened last time capital gains tax was increased, in 2010. Because, in 2010, the rate of capital gains tax was raised from 18 per cent to 28 per cent. And, whereas, before 23 June 2010, it raised £8.23 billion a year, after 23 June 2010, it raised £3.3 billion a year. So, actually, there was a cut in the revenue of capital gains tax of £4.9 billion a year. So, how is this increase in policing numbers going to be paid for with reduced tax revenues?