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5pm update:

THE RESULTS OF TODAY’S POLL

  • 41% of 711 people who answered the poll said the Conservatives should oppose the 45% tax band.
  • 16% said we should support the band.
  • 39% said we should wait and see.

WE’LL BE DEBATING ANOTHER IMPLICATION OF THE PBR IN THE MORNING.

***

The Conservative Party’s clearest statement on Labour’s plan to impose a 45p income tax band on those earning over £150,000 was made by our Number 2 Treasury spokesman, Philip Hammond.  This is what he said (as recorded by Coffee House):

“Clearly if the government is going to announce a huge package of additional borrowing today there will have to be large tax rises after the election.  Of course people on higher incomes will have to pay their share of that but don’t let anybody be deluded by the political spin into thinking that the black hole that Labour has created will be filled by a tax on a really quite small number of very higher earners, it won’t.  We are talking about a couple of billions of pounds, the hole is likely to be a hundred billon pounds big, its going to require tax rises across the board and I’m afraid it will be ordinary families and businesses that are hit not just the very rich.”

What do you think the Tory position should be?

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VOTE IN OUR SPECIAL POLL HERE.

113 comments for: What should be Tory policy on the 45p tax band?

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