St Albans firm Gilberts publishes Spring newsletter.

The St Albans accountancy firm Gilberts has published its Spring newsletter, which
which highlights various United Kingdom tax changes. For instance, with capital gains tax, the government is ending taper relief, which was originally brought in
by Gordon Brown. Gilberts can advise on strategies for capital gains tax (CGT).
The Labour administration wants to raise more tax from small companies. As previously announced corporation tax is to be raised by 1 percentage point to
21 pct from April 2008 on profits of up to £300,000. In addition, the government is to crack down on income shifting. This follows the Arctic Systems tax case, which HMRC lost but has not stopped it from fighting back.
Gilberts just discusses the changes neutrally. I have added words such as Gordon Brown, Labour and HMRC.

I wonder if Northern Rock will be nationalised?

I wonder if Northern Rock will be nationalised. In the press the move would be seen as a temporary one to help the sale of the Newcastle-based bank. It would certainly
facilitate the sale of the £100bn plus mortgage book but it would not look good
if the nationalisation was a long-term move. I don't see Alistair Darling as a de facto chairman of an UK mortgage bank.
The British chancellor has better things to do such as fiddling around with capital gains tax (CGT), which still has not been sorted out yet.