Tories slam business council for ducking CGT concerns

Tories slam business council for ducking CGT concerns

Tories attack Gordon Brown's business council - which meets tomorrow - for skirting CGT discussions

Gordon Brown’s high-profile business council, which holds its first formal
meeting tomorrow, has been attacked by t

he Conservatives for leaving capital
gains tax off the agenda.

The group, made of 15 business leaders, half of which are knights or dames,
has been described as a strategic sounding board for government policy and is
expected to discuss climate change, globalisation and human capital, the FT
reports
.

The Tories, however, have seized the opportunity for criticising the
government for not using the council to thrash out business concerns over the
decision to abolish taper relief.

‘The key test of a government relationship with business is not whether it
organises grand council meetings but whether is listens to business concerns on
issues like CGT,’ said shadow chancellor George Osborne.

The government responded by saying: ‘The purpose of the business council is
to discuss long-term policies on issues that will affect the economic well-being
of the economy.’

Further reading:

Business lobby fails to sway Darling on
CGT

Darling rebuffs business call for CGT
rethink

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource