Summary
THE Lib Dems claim their policy of putting up the top rate of income tax from 40% to 50% would raise Pounds 4.3 billion.
That's based on the Government's own figures, they say. Hmmm. It's worth a quick call to check. "The figures we gave them make no allowance for behavioural change," says a Treasury spokesman.See the full content of this document
Extract
City Spy
"They assume people behave as they would if the tax rate was still 40%."
So, in other words, if the tax rise took away the incentive to work, or prompted f...See the full content of this document
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