People need to 'calm down' on CGT-Cameron

In the first major speech of his premiership, the Prime Minister said the UK must re-balance its economy in favour of private enterprise and reverse the over-dependence on state spending characteristic of the previous Labour regime. But Cameron's vow to jump-start the economy by keeping taxes low and promoting savings and investment comes amid disquiet within his party over plans to hike capital gains tax (CGT). Acknowledging tensions surrounding the controversial plan to increase CGT - a key concession to the Liberal Democrats in coalition negotiations - Cameron said people "need to ...