A budget for the millions, not the millionaires

There are forecast to be around 330,000 tax payers with taxable incomes of over £150,000 a year in 2013/14.

The range of measures in this budget taken together (reduction of 50p to 45p, cap on previously unlimited tax reliefs, stamp duty changes etc) will result in the most wealthy in the country paying an EXTRA £4.29 billion next year.

Source: the Independent Office of Budget Responsibility – page 94 of the Budget 2012 Red Book.

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