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

  • Tim
    Hywel - the source of the "Norwegian gas is cleaner than UK gas" is here - https://www.petro-online.com/news/fuel-for-thought/13/sp-global/two-thirds-of-uk-and-...
  • Jason Connor
    No that was Nick Clegg in full flow on tuition fees....
  • Jason Connor
    I couldn't agree more with the first 3 posts. I heard a figure of 75% of households still use gas. The council stopped installing heat pumps on my estate as the...
  • Hywel
    "According to the regulator’s own figures, pipeline gas from Norway is produced with less than a third of the emissions of Britain’s North Sea output." W...
  • Chloe
    Well said David. There are 20 million gas boilers in the UK & not everyone has a spare few grand to change to heat pumps or have a suitable system that enab...