Conservative tax cuts benefit the wealthy

RB_TQ_0616.pngIn Treasury Questions on 7th June, I asked the Government why they are cutting capital gains tax - benefiting the richest 0.3% in the UK - when George Osborne previously said it was necessary to actually increase capital gains tax to make our tax system "fairer".

I asked:

"In 2010, the Chancellor told this House that raising capital gains tax was necessary to “create a fairer tax system". Given that the Chancellor is now cutting capital gains tax—overwhelmingly to the benefit of the richest 0.3% of people—what does he think has changed?

The response I got was far from satisfactory.

READ the speech here

WATCH the speech here


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