Today a government Minister said the government has not yet formulated a CGT proposal – as I have been saying on this site. He also said they were conscious of the needs of entrepreneurs making business investments and savers needing investments for retirement. That’s a little reassuring. The taper idea I have put to them would deal with these issues. It was also important to read that if they are going to tax short term gains as income it will be at 40%, not at the temporary 50% rate.
In 10 days I have received 1163 emails, mainly about CGT. There are strong feelings about this in the country, as practically all of those were in support.