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Ann Widdecombe from the Brexit Party and Tony Blair’s former director of communications, Alastair Campbell discuss what a future outside the EU may look like.
Business leaders and even former Labour ministers have said they don’t like Ed Balls’ plan to bring back the 50p top rate of tax. But could the move help pay down the deficit?
Labour’s announcement that it will re-introduce a 50p top rate of tax has been greeted with fury by business leaders, but if the opinion polls are right, Ed Miliband has got the public on his side.
A Channel 4 News survey finds the majority of people are in favour of the 50p top rate of tax, which Ed Balls said Labour would reinstate if elected.
Labour will restore the 50p tax rate if they get back into power, Shadow Chancellor Ed Balls announces.
Estimates used by Chancellor George Osborne to justify axing the 50p top tax rate are “highly uncertain”, an influential group of MPs has warned.
The fact remains that the decision on the 50p rate was made on the basis of one year’s highly distorted data. In some ways it was set up to fail. Many economists will argue that it was always going to.
Gary Gibbon
“But the truth is not much enormous changed today beyond some loud political signalling. The growth and borrowing prospects are still, objectively, eye-watering” – Gary Gibbon on today’s budget speech.
“Is a true Briton to have no privacy? Are the fruits of his labour and toil to be picked over, farthing by farthing, by the pimply minions of bureaucracy?”
Jon Snow
Jon Snow recalls the high-roller lifestyles of a bygone era
Ahead of George Osborne’s budget statement, Business Correspondent Sarah Smith takes a look at what the hotly-debated cut in the 50p tax rate will actually mean for small businesses.
Channel 4 News Political Editor Gary Gibbon considers the negotiations that have gone into the expected announcement on the 50p tax rate.
Channel 4 News learns the number of British bankers leaving the UK for Switzerland fell by 16 per cent in 2011, despite claims the 50p tax rate would encourage wealthy financiers to leave the country.
Exclusive: Former A4e boss Emma Harrison was one of those who took advantage of a lag between the announcement and the start of the 50p top tax rate, Channel 4 News learns.
Faisal’s done the maths: George Osborne can’t justify his claim that the 50p tax rate isn’t generating money.