FT.com / UK / Politics & policy - Rebels press Osborne on capital gains.
The right wing are out to bring the Tories down.
As the FT notes:
George Osborne was under mounting pressure on Wednesday night from Tory MPs to offer significant concessions over the capital gains tax increase planned for next month’s Budget.
The ironic possibility of Labour having to save Osborne from his bank benchers on this issue is just too significant not to note.
But will they?
And what real chance is there for this coalition in the face of the madness of the Tory back benchers?
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Actually the point they are making is that the rise in rates will reduce the yields; a topic you have had endless discussion about on this blog. I think Cameron accepts the point. Not sure his coalition partners do, but then that is politics.
@alastair
Anyone so clearly resident in Laffer la-la land to believe that at 18% we’re on the down side of that fictional curve is also so clearly unqualified to comment on any economic issue that I have deleted all your other comments scattered around this blog in the last hour or so