Redwood tells Govt 'bargain' CGT will bring more cash

The chairman of the Economic Competitiveness Policy Group, who has been a vocal opponent of the Government's initial CGT proposals, is advising the Cabinet on "revenue maximising" taxation. He said today at think tank the Policy Exchange he has been pushing a policy of low rate CGT. This will generate more income to pay off Britain's debts than a  higher rate which will have the opposite effect as more people increase their use of tax avoidance schemes. "The way to increase CGT revenue is to set the rate at what people think is a bargain," he said. "That is what you do in the marke...