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Darling reveals 50% tax rate for high earners - UK Politics, UK - The Independent

Chancellor Alistair Darling today gambled on a rapid economic recovery to rebuild Britain's battered finances as he revealed that borrowing this year would hit a record £175 billion.

In a grim Budget statement he outlined the full depth of the economic crisis.

Mr Darling warned that output would shrink by 3.5 per cent this year - more than doubling his previous forecast.

by Fran on Wed Apr 22nd, 2009 at 02:08:49 PM EST
[ Parent ]
It's not people who are on high wages we worry about. It's the ones who have escaped being on a wage and earn stratospheric amounts of money that are effectively untaxed.

Darling knows this and has done nothing about it cos he's scared shitless of the City.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Wed Apr 22nd, 2009 at 05:05:01 PM EST
[ Parent ]
50% is a start, although it won't do much more than piss off some of the mid/upper manager types.

A crackdown on tax avoidance would be much more interesting.

Considering that the chances of Darling still be chancellor after the next election are somewhere between not very much and absolute zero, you'd think NuLab might finally be able to find a spine for its last hurrah.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Thu Apr 23rd, 2009 at 08:43:36 AM EST
[ Parent ]


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