BBC News - Top 50p tax rate damages UK, say economists: Twenty high-profile economists have urged the government to drop the top 50p tax rate, which they say is doing "lasting damage" to the UK economy.
In a letter to the Financial Times, they say it should be axed "at the earliest opportunity" to boost growth.
Ministers say the 50p rate is temporary but their policy is to first increase the income tax threshold to £10,000.
But the "liberals" here want more taxes .. because socialism only failed every time before, but they can do it differently??? ~~The Munz
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