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 Extortionist Tax rise as UK debt hits record

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CovOps

CovOps

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Extortionist Tax rise as UK debt hits record Vide
PostSubject: Extortionist Tax rise as UK debt hits record   Extortionist Tax rise as UK debt hits record Icon_minitimeWed Apr 22, 2009 10:06 pm
Alistair Darling has said the UK will have to borrow a record £175bn as he admitted the economy faces its worst year since the Second World War.

The chancellor tore up a key New Labour election pledge by unveiling a new 50p tax rate for earnings over £150,000.

He also cut future spending plans in a Budget which added 2p on fuel, 1p on a pint of beer and 7p on cigarettes.

The package would steer the UK through to recovery, he said. The Tories said the economy was in an "utter mess".

Leader David Cameron said not enough had been done to get spending under control and "Britain simply cannot afford another five years of Labour".

http://news.bbc.co.uk/2/hi/uk_news/politics/8011321.stm
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RR Phantom

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Extortionist Tax rise as UK debt hits record Vide
PostSubject: Re: Extortionist Tax rise as UK debt hits record   Extortionist Tax rise as UK debt hits record Icon_minitimeWed Apr 22, 2009 10:22 pm
CovOps wrote:
The chancellor tore up a key New Labour election pledge by unveiling a new 50p tax rate for earnings over £150,000.
Oh, I'm sure that will make all the difference. Rolling Eyes
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