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Private equity bosses await their fate as Budget tax decision looms

The buyout industry has been lobbying hard in the run-up to tomorrow’s speech from chancellor Rachel Reeves

Chancellor of the exchequer Rachel Reeves makes her keynote speech during the International Investment Summit on 14 October
Chancellor of the exchequer Rachel Reeves makes her keynote speech during the International Investment Summit on 14 October Photo: Getty Images

Private equity firms are waiting to find out their fate in tomorrow’s Budget amid industry concerns over changes to the current tax regime.

Speculation has been mounting over how chancellor Rachel Reeves plans to shake-up the current carried interest tax system in her Budget on 30 October.

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