Tories will raise tax rates for top earners (click title to entry - thank you)
The Conservatives will go into the next election committed to raising the top level of tax to 45p for those earning more than £150,000.
By Andrew Porter and Rosa Prince
7:00AM GMT 20 Mar 2009
David Cameron signalled that the rich would have to pay “their fair share” to rescue the economy from the mounting crisis in the public finances.
It was made clear that hundreds of thousands of top earners would face paying the new rate — which Labour will also introduce after the election if they hang on to power — if Mr Cameron enters Number 10.
In a speech intended to set out the Tory blueprint for economic recovery, Mr Cameron painted a grim picture of the likely situation he would face if elected Prime Minister.
He said the country faced slumping into a depression, meaning that “tough decisions” would have to be made. Making sure the rich paid their way would be
central to the recovery, he said....
