Tag: UK tax policy
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Raising Income Tax for Top Earners: Economists Say 10p Needed
Policy shift: economists urge a 10p rise in the top income tax rate With Britain’s public finances under pressure, economists are calling for a 10p increase in the income tax rate paid by top earners. The proposal, driven by concerns about the fiscal shortfall and long-term sustainability of public services, would push the higher rate…
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Economists urge 10p rise on top earners to fix Britain’s finances
What economists are saying Several leading economists have warned that Britain’s public finances face a significant gap. One broadly discussed remedy is to raise the higher rate of income tax for top earners by as much as 10p in the pound, moving the top rate toward 50p from the current 40p. Proponents argue that a…