The threats to the rich

If the economic recovery in the UK is beginning to make you feel a little bit more confident in your financial future, you are clearly not concentrating. That’s the message from this week’s news.

On Monday we heard from the Labour party about their plans to have a go at the personal finances of anyone they consider to be even vaguely rich. The top rate of tax is to go back to 52% (including the National Insurance payments that insure us against absolutely nothing). Pension relief is to be cut to 20p in the pound for everyone. There is to [...]

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