Osborne: increase in people paying 40p tax good for Conservatives

The Chancellor faces ridicule after he tells Tories there are ‘advantages’ to more people paying the higher rate of tax

George Osborne
(Image credit: AFP/Getty Images)

CHANCELLOR George Osborne told a meeting of fellow Conservatives that forcing more people to pay the higher rate of tax is good because it makes them want to cut government spending.

Osborne made the comments last month at a meeting with senior Conservatives of the 1922 Committee, a powerful group that speaks for Tory backbenchers.

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