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Osborne’s Capital Gains Giveaway
Rich white southern money-men are Budget’s big winners, say researchers
MALE financial speculators from London and south-east England are among the biggest winners from “bankers’ Chancellor” George Osborne’s Budget, Labour researchers said yesterday.
A cut to the top rate of capital gains tax paid on assets such as shares was among a Budget stuffed with giveaways to Britain’s richest.
The cost was set to be paid by 300,000 disabled people, who were due to lose £3,500 a year from a cut to personal independence payments (PIP).
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