§ 35. Mr. ColmanTo ask the Chancellor of the Exchequer what representations he has received from business on his decision to cut capital gains tax for long-term investments. [121406]
§ Dawn PrimaroloFollowing the 1999 pre-Budget Report, we consulted widely on our proposals to improve Capital Gains Tax business assets taper relief. The respondents to the consultation supported the direction in which we were leading. The views of business on this year's Budget proposals to use taper reform to boost productivity and increase the provision of risk capital have been overwhelmingly positive.