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Tag Archives: the rich

IFS: Reasonable to say rich will pay the Treasury more as a result of the Budget

By Paul Walter | Fri 23rd March 2012 - 1:54 pm

Speaking on Radio Four’s PM programme yesterday, Carl Emmerson, Deputy Director of the Institute of Fiscal Studies said:

The Treasury estimates that it will lose £100million from cutting the top rate of income tax from 50 to 45 pence. That is not an unreasonable central estimate but there is a huge uncertainty around that. It also thinks it will raise about £500 million or so from the increases in stamp duty. Again, not an unreasonable estimate but it still has a

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