Mr. Ian Talbot:

I believe there is an argument that investment in shares on the stock market should be at a different rate of tax. We need entrepreneurs to get out there and invest, putting blood, sweat and tears into a business to create jobs at the moment. We believe there should be a capital gains tax incentive to do that. For active gains, that is one thing; for passive gains based on stock market investment, that is another thing. We need to differentiate between the two in our legislation.