David Cameron: 'plenty of time to consult and listen' on charity tax plans

David Cameron have given a strong hint that he is ready to water down a controversial cap on tax relief for charitable giving, saying there was "plenty of time to get it right".

He said of the plans: "This was never going to introduced until next year - plenty of time to get it right, plenty of time to consult and to listen."

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Consultation over 'charity tax'

Downing Street has said a "formal consultation" on a government plan to tax charitable donations will take place this summer. It was revealed almost one in 10 people earning over £10m a year is paying under the 20% rate of income tax.