CGT: 17,000 say 'no' to Osborne's rise

More than 17,000 vicars, teachers and doctors have signed a petition urging Chancellor George Osborne to scrap plans to increase capital gains tax (CGT).

The thousands of Daily Telegraph readers have signed the paper's petition against changes expected in next week's emergency Budget to bring CGT "closer" to income tax rates. Most of those protesting say they have saved throughout their life to avoid relying on the state in retirement, and many argue they are not wealthy investors as suggested by the Business Secretary Vince Cable, the Telegraph reports. CGT will rise from 18% to "closer" to the 40% higher rate of income tax, the Government has said, though the increase will only be levied on non-business assets such as shares, second ...