BBC says,"Chancellor Alistair Darling is due to announce plans to raise the top rate of income tax in his pre-Budget report.
He is expected to say a new 45% rate on earnings over £150,000 will be brought in if Labour win the next election.
Such a move would mark the end of New Labour's long-running pledge not to increase people's income tax rates....
BBC political editor Nick Robinson said the increase in the top rate of tax was of "huge symbolic significance", but stressed it would only raise a fraction of the sum needed to get the public finances back in order.
The fact that it would only be brought in if Labour won the next election, meant the party would be able to claim it had not broken its 2005 election promise not to increase income tax rates. "
Why is the BBC publicising Labour spin? Their tax pledge was a trick. They did somteing worse than raising income tax They raised National Insurance contributions by 2%; 1% for both employeees and employers. They said it was to finance the bottomless pit that is the NHS. They lied. The money was not ring fenced. Labour is all spin and the BBC dances to their tune.
Monday, November 24, 2008
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