Financial Times FT.com

UK Budget 2009

Byers condemns Labour’s 50p tax rate

By Brian Groom and George Parker

Published: April 27 2009 22:27 | Last updated: April 27 2009 23:38

Former cabinet minister Stephen Byers on Monday condemned the 50p top rate of tax announced in last week’s Budget as “political positioning and tactical manoeuvring”.

He argued that it would dent Britain’s reputation as a global business centre.

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