Boris calls on Osborne to scrap 50p top tax rate

first_img whatsapp Share whatsapp Wednesday 5 January 2011 7:51 pm Boris calls on Osborne to scrap 50p top tax rate Tags: NULL KCS-content Show Comments ▼ BORIS JOHNSON has called for the 50p top tax rate to be scrapped to allow the City to compete on a global stage.The London mayor’s comments risk stirring up tensions between himself and chancellor George Osborne, who has refused to remove the higher band.Speaking to Management Today magazine, Johnson said: “It’s not right that an entrepreneurial city such as London should have a top tax rate higher than most of its competitors.“People respond to hostile signals. Our message should be that we’re open for talent from all over the world.”A spokesperson for the mayor said last night: “The mayor’s words are not meant to be inflammatory, he is calling for something the government has said it ultimately wants to do.“The top rate comes on top of other things that make it more difficult in London, such as the bonus tax and the banking levy. All these add up to a fairly hostile mood for the City.” Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof last_img

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