Tuesday, 27 March 2012

Everything You Need to Know About Labour and the 50p Top Rate of Income Tax

(Apols - Blogging's been light. Been a bit of an ill and flopsy mopsy bunny rabbit).

Anyway, Labour had 13 years to increase the top rate of tax from 40p to 50p. They did nothing for 12 years and 11 months.

As they were about to be voted out of office, they increased the rate to 50p as a political gesture, simply to screw the Tories around.

At Budget time, they wanked on and on about how it shouldn’t have been reduced and how they would reverse it.

But last night they abstained on the vote on that clause in the House.

As ever, lying duplicitous political bastards.

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