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Labour and the Additional Rate of Tax

Labour have got into a real mess on the Tax rate for over 150Kpa. They first forgot to vote against the resolution and went home. Only 2 Labour MPs voted with the SNP against the new rate.

Having missed that opportunity they face the difficulty that they are not allowed to propose an amendment to increase tax. In an attempt to get round that they have proposed to remove the additional rate. That leaves only then the higher rate of 40%.

Hence they are now proposing to reduce the additional rate to 40%.

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