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ft.com - 4/23/2009
FT.com / UK / Economy & Trade - UK raises tax for top earners
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Britain’s Labour government on Wednesday unveiled plans to ramp up taxes on the rich and rein in public spending as its chancellor of the exchequer Alistair Darling confirmed a huge increase in borrowing to restore the public finances, which are in their worst state since the second world war. ...

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FT Alphaville:  UK raises tax for top earners

Moon of Alabama:  Links April 23 09

OptionPundit:  A New World? or Is it the Same Old Thing?

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UK raises tax for top earners
FT Alphaville — Britain’s Labour government on Wednesday unveiled plans to increase taxes on the rich and curb public spending as UK chancellor Alistair Darling confirmed a huge increase in borrowing to restore the public finances. The move to raise the top rate of income tax from 40% to 50% next year for those earning more than £150,000 is a big blow to the UK’s keenly guarded image as a lower-tax economy that can attract the best foreign workers, particularly to its City financial hub.

Links April 23 09
Moon of Alabama — ... - (London Times) Orwellian legislation "Iran Diplomatic Enhancement Act" - US may target Iran gasoline imports - (Press TV) Organized crime - Replacing Iraq's money was a rip off - (Iran Affairs) He knew the real numbers - Police investigating death of Freddie Mac official - (TPM) 50% is not going to be enough - UK raises tax for top earners - (FT) Jeffrey D. Sachs - Water wars - (Zaman) ...

A New World? or Is it the Same Old Thing?
OptionPundit — ... U.K. government support for the banking system has risen to 1.4 trillion pounds ($2 trillion) and may climb higher as the financial crisis spreads to building societies and economists warn lenders may need more aid. The amount invested in, loaned to or pledged to back bank assets now equals Britain’s gross domestic product, or 22,800 pounds for every person in the U.K. Unprecedented! oh by the way, Is it still enough? And guess what? Britain’s Labour government on Wednesday unveiled plans to ramp up taxes on the rich and rein in public spending as its chancellor of the ...

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