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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
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