A 'miserable shower': Miliband attacks coalition on 50p tax cut

Centering his speech on the theme of ‘one nation' government, he rebuked the government for cutting the top rate at a time when borrowing was still increasing. Miliband framed the axing of the 50p income tax rate as a "gift to millionaires", returning to suggestions from earlier in the conference that the rate will be reintroduced. "Next April, David Cameron will be writing a cheque for £40,000 to every millionaire in Britain...