Tag Archives: hedge funds

Opinion: Now is NOT the time to abolish 50p tax rate

A letter appeared in the FT today from a deficit* of economists which suggested that the 50p tax rate be dropped. Their reasoning, as was stated on yesterday morning’s Radio4 Today programme is that hedge funds are relocating to Switzerland in favour of the cheaper tax. While I assume if the tax was dropped the 0.5% of the population in the UK who actually pay that level wouldn’t contemplate leaving?

Having worked with hedge funds I recognised a few of the names, such as Sushil Wadhwani, listed in the BBC article as former Monetary Policy Committee (MPC) member. In other …

Posted in Op-eds | Also tagged | 34 Comments
Advert

Recent Comments

  • James Hill
    Dear Chris, as others have pointed out, you seem to have missed the fundamental detail of the PM’s proposal as it retains a link to earnings, but instead of a...
  • Richard Wingfield
    I don't understand those points at all, Jason. First, the Greens aren't winning seats off the Lib Dems in Southwark. At the local elections in the borough in Ma...
  • David Warren
    The first step has to be to take the profit motive out of the system. As a family carer for several years I witnessed companies trying to squeeze every last ...
  • Rif Winfield
    First let me say that I've been campaigning for STV elections for over half a century (February 1974 is when I initiated the Liberal Action Group for Electoral ...
  • Jason Connor
    Try and listen to Sharon Graham's speech, the Unite General Secretary at their conference. Now that's what I call a radical progressive speech, not Andy Burnham...