View more on these topics

Cameron calls on Darling to abandon “ill-conceived” CGT changes

The Conservatives have called on the Chancellor to abandon his “ill-conceived” changes to Capital Gains Tax announced in the pre-Budget report.

Speaking at the CBI conference today, Tory leader David Cameron said Alistair Darling should admit to the conference that he had made a mistake over the proposals.

He said any further changes announced by the Government must not be a “sticking plaster” but instead should deliver real simplification of the tax system and make the UK a better place to be an entrepreneur.

He said: “If the Chancellor fails to abandon or radically alter his approach we will fight his tax hike on Britain’s entrepreneurs every step of the way, both inside and outside Parliament.”

Cameron told delegates regulation imposed by the current Government has cost business more than £55bn.

He said the Tories are working with PricewaterhouseCoopers to develop detailed tax simplification plans and “sweep away complex reliefs and allowances”.

He said there needed to be an urgent examination of the way banks are regulated in the aftermath of Northern Rock.

“More widely, our proposal for a new triple lock on stability – enhancing the MPC’s independence, independent monitoring of the fiscal rules, and independent national statistics – will help to reduce the threat of turbulence,” he said.


A shaw thing

Sam Shaw is a reporter on Money MarketingThe week began in splendid fashion, with the MM team hitting Theatreland to see Avenue Q courtesy of Halifax. If anyone is passing by Asia de Cuba in the near future, its pre-theatre menu is to die for and the musical is pretty funny as well.On Wednesday night, […]

Robert Kyprianou

The son of Greek-Cypriot immigrants who moved to England after he Second World War, Axa Fram-lington chief executive Robert Kyprianou grew up in modest surroundings. His father worked in the catering business as a chef while his mother was in the rag trade.

Tidy transfers

In my last article, I discussed reasons why a client might expect to profit by transferring a pension fund from one money-purchase contract to another. More pertinently, I suggested an outline format for a suitable recommendation letter which should ensure the client is made aware of the possible advantages and disadvantages of such a course of action.

Pension switch deal on Hornbuckle Sipp

Hornbuckle Mitchell is offering a Sipp which enables people to switch from an income-drawdown plan or an alternatively secured pension into a scheme pension.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm