Darling to discuss CGT changes with industry - papers October 22

Alistair Darling will meet with Britain's four biggest business groups: the CBI, the British Chambers of Commerce, the Institute of Directors and the Federation of Small Businesses. This is a victory for the groups' leaders, Richard Lambert, David Frost, Mile Temple-man and John Wright. In an open letter to the Chancellor last week, they expressed dismay at his proposal to abolish the 10% taper relief on capital gains in favour of a flat 18% tax. THE CHAIRMAN OF the Financial Services Authority, Sir Callum McCarthy, yesterday warned the Government against a "mad dog" response to concerns...