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Reference:
2011/0552
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Question by:
Len Duvall OBE
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Meeting date:
23 February 2011
In answer to Written Question 380/2011 you state that you are 'concerned at the highest personal tax rate of 50p in the pound' and that, as a result, 'we may be asking too much, not just of financial services employees but other wealth creators'. However, in answer to Written Question 388/2011 you state that the after-tax monthly income of someone earning just below £150,001 a year (and therefore not paying the 50p rate) is £8123.37. Why do you spend so much time arguing on behalf of people whose take home pay is more than 37% of the average Londoner's pre-tax...