Blanket gains tax increase 'threatens UK's recovery'

ENTREPRENEURS have warned against a blanket capital gains tax increase in next week's emergency Budget, claiming it could force investment abroad and threaten Britain's recovery.

By The Newsroom

Published 19th Jun 2010, 12:17 BST

Updated 19th Jun 2010, 12:32 BST

Chancellor George Osborne is expected to raise the rate of CGT from 18 per cent to something nearer to income tax rates.

In a letter, 110 entrepreneurs did, though, back the aim of preventing wealthy individuals "disguising" income as assets.

Entrepreneurs CGT