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07/09/2011
Pressure is growing on the Chancellor George Osbourne to scrap the 50p tax rate for people earning over 拢150,000. Influential economists say it punishes entrepreneurs.
Twenty influential economists have signed a letter to the FT arguing the 50p income tax rate punishes entrepreneurs and is doing lasting damage to the economy. It comes as Chancellor George Osborne says short-term hopes for the economy have been revised down in recent weeks. Aasmah Mir interviews Professor Patrick Minford from Cardiff Business School one of those who signed the letter.
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Wed 7 Sep 2011
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