Have Treasury's forecasts thrown Labour's CGT plans off course?

Labour may have to find another way to fund some of its policies. 

The party plans to use a Capital Gains Tax to pay for its health policies, and its costings assume 3% house price growth.  

However, Treasury has forecast just 0.6% growth in 2027, and 2.4% in 2028. 

Infometrics Principal Economist Brad Olsen told Mike Hosking this is a policy that's based on using its revenue to directly pay for other things – like free GP visits. 

He says if you don't get as much of the tax take at the start, you either have to find extra money to fund your promises, or you can't do them. 

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