news.bbc.co.uk - 4/22/2009
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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 ...
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NSN Daily Update 4/22/2009
democracyarsenal.org —
... for the first time since World War II. Britain cut its economic forecast and announced a 50% income tax on the top bracket. ...
UK unveils 50% top tax rate
Democratic Underground Latest Breaking News —
... 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". Total government debt will double to 79% of GDP by 2013 - the highest level since the Second World War. The annual budget deficit will rise sharply to £175bn for the next two years. Read more: http://news.bbc.co.uk/2/hi/uk_news/politics/8011321.stm Is this a preview of coming attractions ...
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