Capital Gains Tax (Rates)

Part of the debate – in the House of Commons at 7:10 pm on 28 June 2010.

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Photo of Simon Hughes Simon Hughes Deputy Leader, Liberal Democrats 7:10, 28 June 2010

The hon. Gentleman's views are much respected, but may I say that I was always clear on this point? We did not want a VAT increase, although we had it under the last Government when it went up and then came down again. We were hoping that it would not happen, but certainly I said-as did all my colleagues, as far as I know-that it could never be ruled out. For many of us, the current position is that it may be one of the least worst options.