Income Tax: Top Rate — Question

Part of the debate – in the House of Lords at 2:37 pm on 16 March 2015.

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Photo of Lord Hamilton of Epsom Lord Hamilton of Epsom Conservative 2:37, 16 March 2015

My Lords, despite the comments of the noble Lord, Lord Kinnock, is it not true that lowering tax rates increases revenue, and does that not make it rather surprising that the Liberal Democrats are not prepared to lower the top rate to 40%?