City bosses want 50p tax rate dropped
The Treasury faces fresh pressure to abandon the 50p tax rate after a letter from City company bosses demanded the move.
Scrap 50p tax to help recovery, Osborne told
George Osborne faces pressure to scrap the 50p tax rate to help stimulate the stagnating economy.
Rise in ‘working poor’
by Peter Wozniak A dramatic increase in unemployed poverty has been spared at the cost of a rise in the number of “working poor”, the IPPR thinktank has suggested. A report published today presents complications for the government’s employment strategy, as the main focus thus far has been on getting more people into work rather […]
Redwood fights on over capital gains
By Alex Stevenson Conservative malcontent John Redwood has offered a “compromise” arrangement in his bid to talk George Osborne out of increasing capital gains tax (CGT) rates in next week’s Budget. The chancellor has agreed with the Tories’ coalition partners that CGT will have to go up to help pay for the Liberal Democrat-favoured increase […]
Constrained Cameron wants lower taxes
By Alex Stevenson Taxes will only be lowered once the “appalling” public finances are dealt with, David Cameron has said. The prime minister said he was “still a low-tax Conservative” as he began efforts to retain his Tory identity. The final coalition document published on Thursday has seen the prime minister emphasise the common ground […]
Cameron: Tories still tax-cutters
By politics.co.uk staff David Cameron has insisted the Tory party and the coalition government are still for tax cuts. And it is reported than an emergency Budget will include tax cuts for lower-paid workers. The prime minister was criticised yesterday for agreeing to rises in capital gains tax and national insurance, which some have said […]
Income tax ‘must rise by 6p’
By Sasjkia Otto Income tax must be raised six per cent to protect Britain from the next financial crisis, according to a report released today by a leading think tank that advises the Treasury. The National Institute of Economic and Social Research (NIESR) said Britain would need to raise taxes gradually to cut Britain's deficit […]
Mandarins voice fury at Osborne allegations
By politics.co.uk staff The shadow chancellor has been accused of making false accusations by senior Treasury officials after he implied that they had broken the law and collaborated with Labour in a taxation cover-up. In an unprecedented move, senior civil servants – who are sworn to political impartiality – voiced anger at the allegations and […]
Govt survives 10p tax vote
By Liz Stephens Gordon Brown has survived a Labour revolt over his 2007 decision to scrap the 10p bottom rate of income tax today. A group of Labour MPs had threatened to block the entire Budget through the vote but the government won through by a comfortable margin of 43 votes. The Labour rebels, led […]
Govt averts rebellion over 10p tax rate
The government has managed to head off a Labour rebellion over the 10p tax rate but only after promises from chancellor Alistair Darling to return to the issue. Labour rebels were pressuring the Treasury to do something for the estimated £1.1 million people were have not yet been fully compensated. They say the £2.7 billion […]
