George Osborne is poised to slash the top rate of income tax from 50p to 40p in next week's budget in a dramatic move that will delight business and the Tory right, but risks reinforcing the Conservatives' reputation as protectors of the super-rich.
Baloney, they should be dropping it to 20% at most! You should have a flat tax code in the U.K. (just like in the Irish Republic), with everyone - and I mean EVERYONE - who receives earned income having to pay tax on it; no exceptions, no excuses, no exemptions, period! The lowest earners would pay a flat rate of 5%, the middle income earners would pay 10%, and the highest earners would pay the aforementioned 20% flat rate, with the corporation tax dropped to 10%, and the elimination of the capital gains/dividends tax and the horrendously socialistic inheritance tax, plus ALL benefits means-tested, those who wish to opt out of paying national insurance contributions and purchase their own private healthcare premiums can do so, drop VAT to 5% across the board, and on top of all that, you drastically reduce overall government spending to pre-1997 levels... you do all that, the U.K. economy would take off like a rocket and the deficit would be paid off within a decade!!!
a dramatic move that will delight business and the Tory right, but risks reinforcing the Conservatives' reputation as protectors of the super-rich.
You mean the people who actually open and expand businesses, create thousands of jobs, sign the paycheques, and generally keep the entire economy afloat, you mean those people...?
