Acting Liberal Democrat leader Vince Cable MP has hit out at Chancellor Alistair Darling for delaying his final plans for capital gains tax until next year.
Speaking in the House of Commons today, the Chancellor reneged on his pledge to outline the new CGT arrangements before Christmas.
“The Chancellor promised the CBI last month that he would bring further proposals to the reform of capital gains tax, yet today we discover we will not hear any announcement until next year,” Cable says.
“It is entirely unacceptable that hundreds of thousands of businesses should be forced to live in this continued environment of uncertainty purely because the Government bungled its original proposals.
“By failing to properly consult business in the first instance over these reforms, the Chancellor showed total ineptitude. Alistair Darling’s continued dithering is just making a bad situation worse.”
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