Both sides know that the top rate of income tax is mainly symbolic
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Thursday 01 September 2011
The Portuguese government plans to introduce temporary extra tax rates for high-earning companies and households to help to meet budget-deficit goals under its €78bn (£69bn) bailout, its Finance Minister Vitor Gaspar said yesterday.
Monday 29 August 2011
The Tory party in the 19th century was pre-eminently the party of those in possession of a good many rolling acres. Matters have evolved since then but it is still not surprising that the party once led by Disraeli and Lord Salisbury is reluctant to countenance even for a second the Liberal Democrat proposal for a new tax on land. The very phrase "land tax" does indeed have an old-fashioned socialist whiff about it, bringing back memories of the Labour programme of 1945. But it would be a shame if that were to become an excuse to dump the idea without even considering it.
Sunday 14 August 2011
Saturday 06 August 2011
Labour last night called on George Osborne to consider a temporary VAT cut to stimulate the economy – rather than scrapping the 50p tax rate.
Friday 05 August 2011
Friday 05 August 2011
David Cameron and George Osborne are discussing plans to cut the 50p rate of income tax after being told that it is generating only marginal returns for the Exchequer.
Monday 01 August 2011
A Liberal Democrat Cabinet minister stoked up Coalition tensions yesterday as he ridiculed calls from the Tory Right to scrap the 50p top rate of income tax for the highest earners as "cloud cuckoo land".
Saturday 23 July 2011
Wednesday 29 June 2011
Friday 17 June 2011
Outlook For those who believe the deficit is the absolute priority for economic policymakers, the call by Ed Balls yesterday for a temporary cut in VAT was never going to play well. Predictably enough, within hours both David Cameron and Nick Clegg were rubbishing the proposal in terms with which we are all now familiar – "maxing out the nation's credit card" and so on.
Saturday 07 May 2011
Sunday 01 May 2011
Wednesday 06 April 2011
The Government today hit back at claims that families were facing a financial squeeze as a result of Chancellor George Osborne's tax and benefits changes, insisting the overwhelming majority of households would be better off.
Sunday 27 March 2011
The Budget was yet another blow to women. Lone parents and single female pensioners, already among the poorest citizens in Britain today, will suffer most from the Chancellor's harsh cuts to public spending. By 2014/5 the average household will lose public services worth 6.85 per cent of their cash income; for single female pensioners that figure is 11.7 per cent; for lone parents it is a whopping 18.5 per cent. This Budget did nothing to put that right. Even its small concessions to income-tax payers and motorists will help women less than men, since fewer women pay income tax or own cars.
Thursday 24 March 2011
A flat-rate pension that will pay about £140 a week will be simpler and most likely benefit women, many of whom are currently denied the full state pension after taking time out of work to look after children.
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