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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.

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