Wednesday, 22 April 2009

Not the stealth tax

It appears that the headline figures in the budget statement over the top rate of tax is hardly the revenue earner that we might think

According to Nick Robinson who is studying the Treasury's Red Book of Budget stats

the new top rate of income tax will raise an estimated £1,130m next year and the pension claw-back a mere £100m, whereas the fuel duty increase will raise £1,250m.

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