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13/09/2012
Former Defence Secretary Liam Fox Calls For Radical Tax Cuts
The government should cut taxes in an effort to stimulate economic growth, former Defence Secretary Liam Fox has said.
Fox used an interview in the Time newspaper to call for capital gains tax to be suspended for three years.
He also added that employment laws should be reformed, making it easier to hire and fire employees.
And while he wants to see a change in economic policy, he said there was not a need for the Conservatives to change their leader.
Mr Fox resigned as defence secretary in October last year after questions were asked about his working relationship with his friend and self-styled adviser Adam Werritty.
Earlier this week Mr Fox helped to launch a new group, Conservative Voice, which aims to put forward "seriously ambitious" policies on tax, Europe, public services and political reform, as well as beefing up the Tories' campaigning skills.
Suspending capital gains tax - a levy on the profits from asset sales - for three years, is a radical idea he says would "ricochet around the world" - and signal that Britain was open for business.
(H)
Fox used an interview in the Time newspaper to call for capital gains tax to be suspended for three years.
He also added that employment laws should be reformed, making it easier to hire and fire employees.
And while he wants to see a change in economic policy, he said there was not a need for the Conservatives to change their leader.
Mr Fox resigned as defence secretary in October last year after questions were asked about his working relationship with his friend and self-styled adviser Adam Werritty.
Earlier this week Mr Fox helped to launch a new group, Conservative Voice, which aims to put forward "seriously ambitious" policies on tax, Europe, public services and political reform, as well as beefing up the Tories' campaigning skills.
Suspending capital gains tax - a levy on the profits from asset sales - for three years, is a radical idea he says would "ricochet around the world" - and signal that Britain was open for business.
(H)
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