Cameron hints at CGT rise climb-down

The Prime Minister has said tax rises are necessary to cover an increase in income tax thresholds to around £10,000. But he suggested upping non-business CGT would only raise 'modest' revenue, and promised to listen to critics in his own party who want longer-term investors to be protected, the Daily Mail reports. Conservative MP for Haltemprice and Howden, and former leadership contender in 2006, David Davis claimed the blanket rise would hit millions of middle-income savers and second home owners who need to dispose of their assets. The row over raising CGT to the level of income...