Business leaders will today make a fresh plea to George Osborne to scrap the 50p rate of income tax and increase personal allowances to protect the British economy from the worst of the eurozone crisis.
In a letter to the Chancellor, more than 30 of the City's top figures agree that the "current turmoil in southern Europe" means the Government must take "immediate actions" to boost confidence. They call for the scrapping of the 50p rate to attract entrepreneurs to Britain and a £1,000 increase in the tax-free personal allowance. MORE...
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