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
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Recent Comments

  • David Warren
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  • Roland
    @Peter Martin - " but it does raise the question of why there is so little UK involvement in the sector." ...
  • David Raw
    @ David Warren You write approvingly, "we also need to highlight reforms that are needed to make unions truly democratic. The Tories passed legislation in the ...
  • David Warren
    I have been a trade union member since 1980 and for 20 years was a full time representative of the postal workers union CWU. Yes Liberals do need to relate m...
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