Posted on 12/09/2009 8:16:57 AM PST by C19fan
Alistair Darling today gambled Labour's future on a highly-political Pre-Budget Report that targets the better-off to help reduce Britain's collossal debt. In what the Tories branded his 'pre-election report', the Chancellor slapped a £560million 50% 'super tax' on bankers' bonuses, affecting any payouts over £25,000.
And he sought to draw up the battle lines of the next general election by announcing thousands more high earners would be clobbered by the new top tax rate of 50% which comes in next year. It was due to hit people earning more than £150,000 when it comes into force next April but today it was extended to include anyone whose total pay and pensions exceed this figure.
(Excerpt) Read more at dailymail.co.uk ...
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