There are four pieces of welcome news on the new CGT proposals.
The first is that savers with modest incomes will still only pay 18% on modest gains over the tax free allowance.
The second is the substantial increase in the entrepreneurs allowance as an encouragement to people to establish and grow businesses.
The third is that the top rate is 28% rather than 40% or 50%.
The fourth is the maintenance of the £10,000 plus tax free allowance.
28% will not raise as much money as a lower rate. This year receipts from the first three months are likely to be high, as people sold assets prior to the budget. They are then likely to fall sharply.