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What a meaningless statement. The top 20% earners pay roughly 80% of all tax. Why not say that?
Laura Kuenssberg says she will be "very, very" surprised if the new top rate of tax brings in five times more than the current rate as the chancellor asserts it will. Well it's not hard Laura, considering a government review found the 50p rate brings in less revenue than the previous top rate of 40p. A business editor ought to know this.
What a load of ambiguous, dumbed down ("very, very"? really?) tosh.
Budget Day Coverage
ITV aston: "Rich people pay a lot of tax"What a meaningless statement. The top 20% earners pay roughly 80% of all tax. Why not say that?
Laura Kuenssberg says she will be "very, very" surprised if the new top rate of tax brings in five times more than the current rate as the chancellor asserts it will. Well it's not hard Laura, considering a government review found the 50p rate brings in less revenue than the previous top rate of 40p. A business editor ought to know this.
What a load of ambiguous, dumbed down ("very, very"? really?) tosh.