Tories hint at tax cuts
Plans to abolish stamp duty on share trading
Signs are growing that a future Conservative government would embark on a
major tax cutting campaign following comments made by its shadow chancellor over
the weekend.
George Osborne told the Sunday Telegraph he wanted to look at
abolishing stamp duty on share trading, to help boost pensions.
Furthermore, a pamphlet due out this week will say that such a move would put
some £4bn back into the stock market, the BBC reported.
The government though has hit back saying such a move would leave a £4bn gap
in public finances.
It abolished tax relief on pension fund trading in 1998.