Tag Archives: the rich

Paul Walter

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

…

Continue reading »
Posted in News | 14 Comments
Advert

Recent Comments

  • Phil Wainewright
    @Alan Jelfs - yes there is an important discussion to be had around government debt, but we need to distinguish between borrowing for investment and borrowing t...
  • Phil White
    Hope you're doing OK, Caron....
  • James Dennison
    Tim, I'm not convinced that 300 is too few - that is 150 MPs in a govt (at least) none of whom would have constituency duties. As well as elected (and non-elect...
  • Jenny Barnes
    A tax cut for fossil fuel driving motorists? A more deserving group would be hard to find. Not...
  • paul barker
    Just as a balance to all the Libdems Irrelevant stuff, latest Ipsos Polling has us 1st (ie lowest) on Extremism, Division and crucially "Will say anything to g...