Reconciling taxation plans is the challenge

Both Conservatives and Liberal Democrats had well-developed tax programmes in their manifestos. Blending them together won't be easy. It seems the Lib Dem flagship rise to a £10,000 personal allowance will go through in stages - but the prospect of paying for it with CGT & Air Passenger Duty rises, restricting pensions tax relief to basic rate, plus a good deal of closing of anti-avoidance/gap-closing doesn't sound like a Tory Budget. CGT on non-business assets (remember taper relief definitions!?) will shoot up, but surely not totally in line with income tax without some inflation re...