Call for three-year CGT tax holiday

Updated
Liam Fox
Liam Fox

Former Cabinet minister Liam Fox has called for a three-year capital gains tax (CGT) holiday to deliver shock therapy to the ailing UK economy.


Dr Fox, who quit David Cameron's Government last year after disclosures over his unofficial aide Adam Werritty, also called for cuts in benefits for those in employment and changes to make it easier to hire and fire workers. He warned in an interview in The Times that the Conservatives are facing defeat at the 2015 general election unless they take risks to restore growth.
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