John McDonnell calls for U-turn,saying cut would give 200000 wealthy people as much as government planned to take from disabledGeorge Osborne’s budget is handing a tax cut averaging £3000 to some of the wealthiest people in the country who accomplish up just 0.3% of the population, the shadow chancellor, or John McDonnell,has said.
Labour is calling for the cut in capital gains tax (CGT) to be scrapped, saying it would give investors already making money approximately the same, or on average,as the government had planned to take from disabled people under changes to benefits.
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Source: theguardian.com