Sentences with phrase «top rate of income tax»

A new 50p top rate of income tax for high earners proposed by Labour should only be a temporary measure, Chuka Umunna said.

The Government will introduce the new 50p top rate of income tax for those earning more than # 150,000 in April.

The decision to cut the 50p top rate of income tax on incomes over # 150,000 commits what the Americans call a «rookie error».

Rail renationalisation and an increased top rate of income tax for the highest earning 1 % are Corbynista popular policies (Smithite too) appealing to a sizeable number of Tories and Ukippers.

With few surprises - the largest being the 50 per cent top rate of income tax - the papers have reacted negatively to what they see as a tame, workmanlike Budget.

Clegg indicated that the new tax would fall on wealth, rather than income, because there were no plans to change the new 45p top rate of income tax.

I predict, therefore, that Blair will pay no attention to the Fabian Society's plea for a higher top rate of income tax, or to the IPPR's suggestion of higher inheritance tax on larger estates.

Conservative and Liberal Democrat leaders in the coalition are negotiating the fate of the 50p top rate of income tax ahead of next week's Budget.

Elsewhere, 72 % backed scrapping the UK's Trident nuclear deterrent, and 70 % support reinstating the 50p top rate of income tax on incomes above # 150,000.

Nicola Sturgeon reiterates that she wants to eventually see a 50p top rate of income tax in Scotland during a...

David Miliband's conversion to the Lib Dem mansion tax on houses worth # 2m and Ed Miliband's moral argument for keeping the 50p top rate of income tax for good are the only tangible interventions that any of the candidates have made into tax - rise territory.

There is an argument that Darling could close the gap between the 18 per cent capital gains tax rate and the new 50 per cent top rate of income tax.

Clegg indicates that the new tax would fall on wealth, rather than income, because there are no plans to change the new 45p top rate of income tax.

The comments from Defense Minister Michael Fallon in an interview with the Daily Telegraph suggested that the ruling Conservative Party would not increase the top rate of income tax, striking a contrast with main opposition Labour Party.

He also promised to raise the point at which people start paying the top rate of income tax to # 50,000, in an announcement which was met by huge applause in the Birmingham conference hall.

We were never in danger of getting hit by the new 50p top rate of income tax, and I don't remember MPs» staff getting their moats cleaned on expenses, yet IPSA has nonetheless inflicted an effective pay cut on people who were already on relatively low pay.

He even pledged to stop Osborne further reducing the top rate of income tax.

The biggest cheer during this year's Budget was not about the top rate of income tax, or extra cash for businesses, or that the economic forecasts are improving.

One means of doing so would be for the Chancellor formally to declare, for the first time, that the Coalition's committed to cutting the top rate of income tax as soon as possible.

His left - wing positions are by now firmly established, and he confirmed his opposition to the private finance initiative, his desire to abolish tuition fees and his determination to re-introduce the 50 % top rate of income tax.

Harman moves onto the top rate of income tax.

The chancellor is expected to press ahead with cuts to the 50p top rate of income tax, imposed on those earning over # 150,000, in a bid to encourage high earners to lead the economic recovery.

UKIP voters take a right position on three (cutting government spending, abolishing the inheritance tax and reducing the top rate of income tax) and a left position on two (supporting a mansion tax and opposing the bedroom tax).

On two issues, abolishing inheritance tax and reducing the top rate of income tax, we see that party voters divide into two groups.

A recent Yougov poll showed 74 % of members backing an increase in the top rate of income tax to 60 % on those earning more than # 200,000 a year; 52 % saying Britain should give up nuclear weapons completely when Trident reaches the end of its life and 66 % wanting Labour to pledge to scrap plans for identity cards.

This could be the 50p top rate of income tax, it could be corporation tax, or it could be something else.

Balls called on Osborne to continue the U-turns from March's Budget, the chancellor's last major setpiece event, by reversing the cut in the top rate of income tax from 45p back to 50p and scrapping tax rises for pensioners.

Last week he and Labour leader Ed Miliband claimed the change to the top rate of income tax would see 8,000 millionaires become over # 100,000 better off each year.

What should certainly help to stimulate growth is the politically courageous — but economically essential — decision to cut the top rate of income tax.

Contrary to George Osborne's assertion that the 50p top rate of income tax was not bringing in enough money to warrant its existence, MPs said the benefits of reducing the rate to 45p were «highly uncertain».

The report from the influential group of MPs comes after weeks of negative headlines, including rows over the 50p top rate of income tax and new financial burdens on pasties, grannies and philanthropy.

The decision to cut the top rate of income tax from 50p to 45p from April next year will no doubt generate much political heat.

Shadow chancellor Ed Balls called the decision to reduce the top rate of income tax to 45p a «gamble» - and pointed to figures from HM Revenue and Customs (HMRC) which the independence Office for Budget Responsibility (OBR) has labelled «highly uncertain» to back his case up.

The landowner's pro-rata final entitlement is taxed as a capital disposal at Capital Gains Tax rates (CGT), with the potential to secure CGT reliefs including Entrepreneurs» Relief, rather than as a trading transaction taxed at the top rate of income tax of 45 per cent.

If the top rate of income tax discourages growth, then surely five times that amount of tax will discourage it five times as much.

Labour will try to reverse George Osborne's decision to cut the top rate of income tax today, as it appeals to Tories and Liberal Democrats to reject their own Budget.

There were no tax commitments, including no changes on the top rate of income tax.

The top rate of income tax should be scrapped in this month's Budget, company bosses are demanding.

His promise to raise the top rate of income tax back to 50p, which... (Comments: 144)

A new 50 % top rate of income tax for those earning more than # 150,000 will come into effect from April, and Labour has announced that National Insurance will go up from 2011.

George Osborne was accused of prioritising a tax cut for millionaires today, after he cut the top rate of income tax from 50p to 45p.

The deputy leader of the Liberal Democrats distanced himself from George Osborne's decision to cut the top rate of income tax this morning.

He also attacked those still calling for a reduction in the top rate of income tax, saying they were living in «cloud cuckoo land».

Pasty taxes, granny taxes and the reduction of the top rate of income tax have also hurt the government.

Shadow Treasury minister Chris Leslie said Clegg was «taking the British people for fools» because of the Budget's reduction in the top rate of income tax from 50 % - a move Labour has labelled a «tax cut for millionaires».

They've pledged to raise the tax - free personal allowance to # 12,500, the top rate of income tax to # 50,000 and sell 100,000 new homes at 20 % below asking price for first - time buyers under 40.

Miliband said he was «learning the lessons of where New Labour went wrong with the really super-rich», but denied that he would ever raise the top rate of income tax about 50 %.

In a separate interview in which he was even more outspoken about the «chronic weakness» of his party, he told the Telegraph he opposes the living wage, wants the top rate of income tax cut to 40p and backs an end to the ring - fencing of government spending.

The party failed to halt the reduction of the top rate of income tax from 50p, with the government comfortably seeing off its amendment by 323 votes to 256 last night.