Ed Balls' 50p top tax rate: is it 'stupid' or 'warmly welcome'?

Business hates tax pledge, but newspapers can't agree if it's dangerous economics, good politics or both

Ed Balls

ED BALLS' pledge that Labour would bring back the 50p top rate of income tax for those earning more than £150,000 has drawn howls of indignation from business. The Tories have also attacked the plan saying it would put "the economic recovery at risk".

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