Penalising high earners with a 50% tax rate won’t ease the national debt burden, but broader tax rises will, argues Simon Yates
He often makes it hard, but you have to feel at least a little sorry for Alistair Darling. Even in better times, Chancellor to Prime Minister Brown had the makings of being one of the worst jobs in the world. Now Mr Darling finds himself neck deep in red ink, much of his boss’s making. Like any of us in an unprecedented situation, he has theories but cannot be sure what to do.
