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Businesses call for 50p top tax rate to be scrapped

More than 500 business leaders have called for the 50p top rate of tax to be scrapped in next month's Budget.

In a letter to the Daily Telegraph, they said it was reducing government income and damaging the economy.

The entrepreneurs accused Chancellor George Osborne of putting "populist politics before sound economics".

Hugh Pym reports.

  • 01 Mar 2012
  • From the section UK