Pressure on Alistair Darling to rethink his sweeping changes to capital gains tax (CGT) was growing last night as it emerged that attempts will be made to defeat them in the Commons, The Times reports.
The prospect of a key budgetary change being embarrassingly overturned will be used by MPs to persuade the Chancellor to shift on his plan to end the taper relief that allows a 10% rate of CGT for small businesses. Mr Darling was looking increasingly isolated on the plan after Britain’s four main business groups joined forces to oppose it and were supported even by some unions worried about its impact on smaller companies and the help that it gives to owners of second homes. NORTHERN ROCK SHAREHOLDERS will be lucky to see a penny from any rescue proposal despite the emergence of a numbe...
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