Labour's 50p top tax rate to stay until 2015 - papers

clock

Labour's 50p top tax rate will remain for five more years, breaking a pledge that the £2billion-a-year raid on earnings would be temporary.

Chancellor Alistair Darling went back on a promise to axe the tax yesterday, warning that he will keep milking high-earners until 2015 - a clear sign that Labour will continue with its 'class war' on the better off, writes the Daily Mail. Full story...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Advisers warn salary sacrifice cap risks deterring pension saving

Advisers warn salary sacrifice cap risks deterring pension saving

Restriction will raise £4.7bn in 2029/30

Sahar Nazir
clock 27 November 2025 • 3 min read
Advisers on cash ISA allowance cut: Move welcome but education concerns persist

Advisers on cash ISA allowance cut: Move welcome but education concerns persist

Limit cut from £20,000 to £12,000 confirmed in Autumn Budget today

Sahar Nazir
clock 27 November 2025 • 3 min read
Reeves promises to not 'return back to austerity' in pre-Budget message

Reeves promises to not 'return back to austerity' in pre-Budget message

'Biggest drive for growth in a generation'

Michael Nelson
clock 26 November 2025 • 1 min read