Rich cash in ahead of rate change

Last Modified: 04 Apr 2008
By: Katie Razzall

Business leaders are ditching shares ahead of Sunday's deadline for changes to capital gains tax.

Amongst those cashing in ahead of the rate increase from 10 to 18 per cent are Sir Ken Morrison, Lord Sainsbury and the boss of Stage Coach.

After the collapse of the US sub-prime mortgage market, the global economy is in the throes of a credit crunch.

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