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Charlie Sykes: Sykes Writes

Tax, Tax, Tax, The Rich

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Or maybe not.

Twenty high-profile economists have urged the government to drop the top 50p tax rate, which they say is doing "lasting damage" to the UK economy.

In a letter to the Financial Times, they say it should be axed "at the earliest opportunity" to boost growth.

Ministers say the 50p rate is temporary but their policy is to first increase the income tax threshold to £10,000.

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