With the budget looming and a proposed 40 or even 50% capital gains tax sitting in the wings, the Daily Telegraph has launched a campaign to petition the Chancellor, George Osbourne, to scrap it. The gist of the Telegraph argument is that in very many cases it's an unfair tax on prudent people trying to make provision for their own retirement, something the conservatives urged, praised and supported in opposition, however, that support seems set to be an early victim of coalition compromise under the hand of Vince Cable. Will Osbourne pay any heed to a petition knowing he doesn't have to face the polls for five years? Personally, I suspect our pips are going to be squeeked.
No comments:
Post a Comment