24/7 Newsfeed

Put Reason 24/7 on Your Site


Follow Reason 24/7 on Twitter and via RSS

UK's Chancellor of the Exchequer Warns Against Deputy PM's Proposed Tax

George Osborne has responded coolly to a plan from Nick Clegg to impose an emergency levy upon Britain's wealthiest, warning it would endanger economic recovery.

As a prominent Tory backbencher dismissed the deputy prime minister's proposal that the rich should face a time-limited tax to avoid a breakdown in social cohesion as a pre-party conference "easy clap line", the chancellor said the wealthy already paid more tax and the country should be wary of driving away wealth creators.

Source: Guardian . Read full article. (link)

Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time. Report abuses.