David Cameron fighting to push through his capital gains tax changes
A number of prominent newspapers in the UK have taken issue with David Cameron's intended capital gains tax changes which could have far-reaching effects on many in the UK. There is a feeling that David Cameron is now being backed into a corner and he will at some point need to either water down his intended changes or potentially delay them using the excuse that the economy is not strong enough at the moment.
Either way there is no doubt that David Cameron is unlikely to get through his capital gains tax changes in the current "rumoured" form although there is speculation a number of particular groups would be exempted from any potential increase in the tax. While there are many battles ahead for David Cameron and his coalition partners many believe that the capital gains tax issue is the first of many and could actually dictate future responses to his proposed changes.
While the historic strategy of leaking proposals to the press well before they are introduced to Parliament has benefited many governments in the past it would seem it has made the situation much worse for David Cameron with regards to CGT. Quite how he will overcome these difficulties and still retain his power and authority remains to be seen.
Share this..
Related stories
Taxpayers showing £1 billion paper profit on Royal Bank of Scotland stake
At a time when the UK banking sector appears to be on the up many analysts had been rather downbeat on the immediate future of Royal Bank of Scotland and Lloyd bank. However, while Lloyds bank still has its own problems with regards to the HBOS loan book and a £10 billion plus bad debt there seems to be growing optimism with regards to Royal Bank of Scotland and the short, medium and long-term fu...
Read MoreLloyds Bank in profit turnaround
Lloyds Bank is this week expected to announce profits of £800 million for the six months ended June 2010 against a loss of £4 billion during the corresponding period last year. The company, which is 41% owned by the UK government, would appear to have manufactured a magnificent turnaround in profitability but is this at the expense of the small business arena? There's no doubt that the UK gov...
Read MoreRussian investors stump up $200 million for Facebook stake
In a move which values social networking site Facebook at $10 billion it has been revealed that a Russian investment group by the name of Digital Sky has paid $200 million for a 2% stake in the operation. While there is no doubt that Facebook has been amongst the more successful of the various social networking websites, many believe the valuation of $10 billion is significantly below the figure t...
Read MoreBradford And Bingley Rights Issue Approved
While the highly controversial rights issues by Bradford and Bingley has been in the news of late it was formally approved by a vote at today's shareholders meeting, although there was some controversy when representative of Standard Life took the floor. Speaking for some 30 million shares (or 5% of the share capital of the group), Guy Jubb asked for a cast iron assurance that existing shareholde...
Read MoreLocal airports under pressure
The axing of direct flights to Heathrow airport from North Yorkshire is only one of a number of similar cutbacks being implemented across an array of UK local airports. It seems as though the airline companies have finally had enough and are cutting back on many of the vital domestic airline routes which support business and personal use. So where will this all end?
The move to cut...