50p rate of tax here to stay

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50p rate of tax here to stay

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David Cameron and George Osborne want to cut the 50p rate of income tax.

Government sources said that both men are intent on cutting the top rate of tax, for those earning more than £150,000 a year, to 45 per cent – possibly as soon as in the Budget next April. Senior Liberal Democrats say they would not necessarily oppose the cut – provided any income tax cuts for the richest are offset by other measures that target them.

The Conservative plan – which will prove controversial at a time of severe cuts to public-sector jobs and services. Sign the petition to state the 50p rate should be here to stay.

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