by Stephen Tall on April 7, 2013
Sarah Teather isn’t the only MP attacking George Osborne today. Ed Miliband’s policy chief Jon Cruddas has strong words for the Chancellor in the Sunday People, accusing him of “cruelty” and of “giving a tax cut to millionaires” by dropping the top-rate of tax from 50% to 45% for those earning more than £150,000.
So what, you might ask, was Jon Cruddas arguing for when Labour was in power? A top-rate tax level of 45% levied on those earning more than £175,000, as it happens:
He’s welcome to change his mind, of course. But he should probably at least acknowledge that the Coalition’s taxing the highest earners more than he urged.
And that is thanks to the Lib Dems, of course, who blocked George Osborne’s aim of reducing top-rate tax to 40%. Those many Tories — including Tim Montgomerie, Ian Birrell and Rob Halfon — who regret the Tories’ decision to cut the top-rate at all might show a little more gratitude to the Lib Dems for curbing their own worst, natural excesses …