By Charlie Conchie The government is right to launch a raid on the profits made by private equity bosses but a sweeping hike in capital gains and inheritance tax could suck investment out of the City, the chair of investment bank Cavendish has warned. Lisa Gordon, who chairs the London-listed broking group, urged Rachel Reeves to be “more creative” with her tax plans at the budget in October and soften any move to indiscriminately hike the levy on capital gains (CGT) and inheritance tax. However, she said lifting the rate paid on profit made by private equity executives, known as carried inter…
