Lack of compromise on CGT baffles

In the hours after the talking stops on Budget day, journalists receive floods of "disappointed" ema...

In the hours after the talking stops on Budget day, journalists receive floods of "disappointed" emails bemoaning the Government's inactivity on some matter or other. This year, most of the complaints focused on the Chancellor's refusal to make any concessions on taxation of investment bonds - and is not difficult to see why. For something that was clearly an unintended consequence of the Government's attempts to slap down private equity groups, it is hard to see why the Chancellor is unwilling to budge on this matter. Perhaps he feels he has already had to backtrack on enough CGT pro...