UK Budget: Income Tax Rise Needs to Be a One-off, Cain's Goldstein Says

Jonathan Goldstein, CEO of real estate investment firm Cain, says the UK needs to see certainty, confidence and competitiveness as Chancellor of the Exchequer Rachel Reeves is set to deliver...

By Bloomberg Markets · Bloomberg Markets

Jonathan Goldstein, CEO of real estate investment firm Cain, says the UK needs to see certainty, confidence and competitiveness as Chancellor of the Exchequer Rachel Reeves is set to deliver the UK Autumn Budget on November 26. "We need to retain a level of confidence. This is a great country," he said. The Labour party donor also says it is understood that the Chancellor needs to raise revenue, but if the government were to raise income tax on Britons, this needs to be a one-off. "I think the government needs to to be bold, and the government has to go for it," Goldstein said. Goldstein joined "The Pulse with Francine Lacqua" on Bloomberg Television on Nov 8. (Source: Bloomberg)