Keep 50p-in-� rich tax, says London Assembly
The London Assembly has come out today in favour of keeping the 50p-in-the-� tax rate for those earning more than �150,000 a year.
It voted to call on the Chancellor to retain the ‘rich tax’ rate—which goes against Boris Johnson’s call to abolish it.
“The Mayor has adopted an extremist position,” Green member Darren Johnson told the Assembly.
“Even George Osborne says he cannot think of abolishing the 50p tax rate while asking public sector workers to accept a pay freeze.
“We should have a Mayor committed to reducing the growing gap between rich and poor, rather than proposing measures that exacerbate it.”
You may also want to watch:
His resolution declares it fair to expect the rich to contribute more to the national finances.
The City is still hiring and there has been no haemorrhaging of jobs, the assembly heard. Those earning �150,000—many living in London—are among the nation’s richest one per cent.
- 1 Teenager suffers 'life-changing' injuries after alleged attack in Shadwell
- 2 Man who died in Mile End park named
- 3 Two men rescued from Shadwell flat fire
- 4 Truman Brewery offices, shops and restaurants plan gets green light
- 5 Truman's Brewery future being debated at Tower Hamlets Council
- 6 'Food delivery' youth in suspect Shoreditch drugs bust
- 7 Jailed: Tower Hamlets man who tried to rape another man
- 8 Rape victim speaks out as Met Police relaunch Ask for Angela scheme
- 9 Councillor ex-husband of MP Apsana Begum suspended from Labour Party
- 10 Call to remain vigilant after gay man killed in park in Mile End