Raising the top rate of tax is irresponsible given the economic fragility of Britain

The Sunday Times quotes Mark Littlewood

IEA Director General Mark Littlewood commented on Ed Balls proposals to increase the top rate of tax to 50% for every pound made over £150,000. Mark spoke arguing that the money raised by the tax will be negligable if anything whilst also damaging enterprise in the economy. It should be noted that this will harm innovation and that many of the roughly 330,000 people earning above £150,000 are employers themselves providing jobs.

You can read the full article here.

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