Member

The OBR has said that the measure ranks among “the most uncertain” in the entire Budget. It is why new clause 4 would require the Chancellor to review the expected impact of the policy on key behaviours highlighted by the OBR. Will the Minister explain why this one measure, which impacts so few people, costs so much—£4.5 million—when the cost to HMRC of implementing other changes to capital gains tax in the Budget is £600,000.