Britain must not raise taxes on wealth creators any further if it wants inward investment to spur recovery, one of the world's leading competitiveness experts says.
Professor Michael Porter of Harvard Business School made the warning as Gordon Brown assured a London conference of 250 global investors enterprise would be the engine of Britain's growth as it emerges from recession, the Financial Times reports. Porter, who spoke at the government-run conference, said in an interview the 50p income tax rate due in April for those earning more than £150,000 was "at the upper end of the band". "If it goes any higher than that - and if that is perceived as being a long-term policy - then I think that's going to create some real problems in the long run,...
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