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11 April 2011

Osborne aims to scrap the 50p rate by 2013

Chancellor pencils in 2013 as the earliest possible opportunity to remove the top rate.

By George Eaton

George Osborne made his ambition to scrap the 50p tax rate clear in last month’s Budget. “[T]he 50 pence tax rate would do lasting damage to our economy if it were to become permanent. That is why I regard it as a temporary measure,” he said.

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