Chancellor to hold crunch meeting with envoys from the Institute of Directors, CBI, The British Chambers of Commerce and the Federation of Small Businesses
Accountancy Age, 22 Oct 2007
Alistair Darling is preparing for heated discussions with business groups in the wake of his capital gains tax hike.
Representatives from the CBI, The British Chambers of Commerce, the Federation of Small Businesses and the Institute of Directors are preparing for crunch talks later today in efforts to force the chancellor into a U-turn.
The new 18% flat rate of capital gains tax imposed by Darling caused widespread anger among business groups because the change stifles entrepeneurs and smaller businesses looking to cash-in after building up their companies.
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