but royal london insurance argues this isa royal london insurance argues this is a tax grab from peopleversed. simon gompertz, bbc news. coming up at 6am on breakfast, charlie stayt and naga munchetty will have all the day's news, business and sport. and they'll be talking to gary 0ldman about his latest role as the wartime leader, sir winston churchill and why it has been the most daunting challenge of his career so far. this is the briefing from bbc news. the latest headlines: zimbabwe prepares for the post—mugabe era — the incoming—president, emmerson mnangagwa, is to be sworn in later. prayers for the crew of a missing argentine submarine — but hopes fade as the navy says there may have been an explosion at the vessel's last—known location. brussels says brexit britain will not be hosting the european capital of culture in 2023 — despite the scheme being open to countries that aren't in the eu. now it is time look at the stories that are making the headlines in media across the world: we begin with the gulf news and zimbabwe president elect emmerson mnangagwa who the paper says will

royal london insurance says it affects long term policies sold by companies and sometimes collected door—to—doorons of pounds. our personal finance correspondent, simon gompertz reports. the headlines on bbc newsroom live. sometimes chancellors say things in the budget people don't quite understand at the time and this, the abolition of an obscure tax perk which appears to benefit many small savers, could have been one of those occasions. there is a case now for removing the anomaly of the indexation allowance for capital gains, bringing the corporate tax system in line with the capital gains tax system. i will therefore bring this allowance so companies receive relief for inflation up to january 2018 but not thereafter. insurers say there is an impact on traditional savings policies, often sold door—to—door or at the workplace. they include endowments which pay you a lump sum, whole—of—life insurance which pays out after you die, and other investment policies which have had some of their annual growth tax—free. from early numbers we've looked at, we think that millions of people have these poli

royal london insurance says it affects long—term policies sold by companies and sometimes collected door—to—doors, could have been one of those occasions. there is a case now for removing the anomaly of the indexation allowance for capital gains, bringing the corporate tax system in line with the capital gains tax system. i will therefore bring this allowance so companies receive relief for inflation up to january 2018 but not thereafter. insurers say there is an impact on traditional savings policies, often sold door—to—door or at the workplace. they include endowments which pay you a lump sum, whole—of—life insurance which pays out after you die, and other investment policies which have had some other annual growth tax—free. from early numbers we've looked at, we think that millions of people have these policies and will now be losing relatively modest amounts of money, perhaps £25, £50 each, some a lot more, but this all adds up to a huge amount, hundreds of millions of pounds for the chancellor. the budget document said no individuals will be affected and the treasury adds: but royal london

royal london insurance says it affects long term policies sold by companies and sometimes collected door—to—doorthe budget people don't quite understand at the time and this, the abolition of an ex— —— and a skua tax break which appears to benefit many small savers, could have been one of those occasions. there is a case now for removing the anomaly of the indexation allowance for capital gains, bringing the corporate tax system in line with the capital gains tax system. i will therefore brings this allowance so companies receive relief for inflation up to january 20 —— 2018 but not thereafter. insurers say there is an impact on traditional savings policies often sold door—to—door at the workplace. they include endowments which pay you a lump sum, whole of life—insurance which pays out after you die, and other investment policies which have had some other annual growth tax—free. from early numbers we've looked at, we think that millions of people have these policies and will now be losing relatively modest amounts of money, perhaps £20, £50 each, some a lot more by this all adds up to a huge amo