Treasury written question – answered at on 4 April 2011.
To ask the Chancellor of the Exchequer what plans he has to retain the 50p rate of income tax on incomes over £150,000 for the duration of the current Parliament.
The Government believe the 50% rate would do lasting damage to the UK economy if it were to become permanent. The Chancellor has asked HMRC to assess the revenue raised by this measure after self-assessment data for the 2010-11 tax year are available.
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