Lib Dem Conference 2011: Cutting 50p tax rate 'morally repugnant'

In a speech which made a point of highlighting the differences between the coalition parties, he said Liberal Democrat ministers were reining in the Conservatives over calls for the 50p tax rate for people earning over £150,000 to be axed. "At a time when 90% of the country is struggling to pay the rent or the mortgage, giving a 10p tax cut to those who need it the least, would not just be economically witless, it would be morally repugnant. "Danny (Alexander), Vince (Cable), Nick and I are absolutely clear - the wealthy will continue to pay the largest share of the cost of our recove...