Danny Alexander: Cutting 50p tax rate in 'cloud cuckoo land'

Alexander told BBC1's Andrew Marr Show that cutting the 50p income tax rate was in "cloud cuckoo land". He said the government was focused on raising the income tax threshold to £10,000 and not cutting tax for high earners. "The Government's first priority in tax reductions will be tax cuts for people on low and middle incomes - those very families who are working hard to make ends meet. "Anyone who thinks we are going to shift our priority to reducing the tax burden for the wealthiest they have got another thing coming," he told the BBC. Abolishing the 50p rate "cannot be the r...