Tory peer calls for CGT cut

In a paper issued by the Centre for Policy Studies, Lord Flight said there was "no excuse" not to cut CGT immediately to about 25%, saying a deeper cut to 15% would "clearly make economic sense". Co-written by Oliver Latham, an Oxford political economics PhD student, the paper set out how even the Treasury's own analysis shows that, once the 45p top rate of income tax comes into effect next year, the 28% rate will raise less revenue than a lower rate. Lord Flight said: "This is a ridiculous situation, and one which should be addressed immediately. There is simply no excuse for the Cha...