Ed Miliband: I would keep 50p tax rate and tax bankers’ bonuses

Ed Miliband has vowed to reverse the forthcoming tax cut from 50p to 45p for higher earners if Labour wins the next election.

Speaking ahead of the opening of the party’s annual conference in Manchester, the Labour leader also announced that he would tax bankers’ bonuses in order to pay for measures to tackle youth unemployment.

Saying that a Labour government would slow the rate at which public spending was cut, he insisted that Ed Balls, the shadow chancellor, would nonetheless maintain an “iron grip” on the public finances.

He claimed that the Coalition’s Government’s austerity drive was harming the economy by pushing up unemployment, which meant that borrowing was rising in order to pay benefits to “keep people idle”.

Appearing on the BBC’s Andrew Marr show, Mr Miliband described the cut in the top rate of income tax, which is due to come into force next year, as a hand-out to “millionaires”.

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About OyiaBrown

Please send me, as a comment to this page, any old material you have for inclusion in The Daily Joke Alert - to help enable us all to have our fancy tickled regularly! Never mind the state it's in as I tidy everything up prior to publication. Don't let good material go to waste - and so much does. In the interests of the environment we should always try to re-cycle everything, especially jokes. You know that makes sense! You may find some historical stuff here, but this does not really matter as humor is fairly timeless.

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