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Would Scrapping The 50p Tax Rate Help The Cabinet?

The Huffington Post UK  |  By Posted: 22/03/2012 11:57 Updated: 22/03/2012 12:23

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Cabinet
Are any Cabinet Ministers smiling for having to pay less tax?

As predicted, the Chancellor's decision to scrap the 50p tax rate proved one of the most controversial parts of his Budget.

Labour leader Ed Miliband took the chance to embarrass the Cabinet, as he taunted them over whether they would benefit from the lower tax rate for higher income earners.

George Osborne himself denied that he would personally benefit on the Today programme. However, others have doubted how straight Osborne was being in his answer.

With a cabinet minister earning at least £134,565, many would be pushing that £150,000 boundary. How many have gone over and would personally stand to gain?


David Cameron
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The PM would almost certainly benefit.

With a special £142,500 salary, he also earns rental income from a London property. With such a small gap to fill, he would easily go past the £150,000 threshold. £142,500 PM's salary plus rental income makes him very likely to top the £150,000 top tax threshold
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As predicted, the Chancellor's decision to scrap the 50p tax rate proved one of the most controversial parts of his Budget. Labour leader Ed Miliband took the chance to embarrass the Cabinet, as he...
As predicted, the Chancellor's decision to scrap the 50p tax rate proved one of the most controversial parts of his Budget. Labour leader Ed Miliband took the chance to embarrass the Cabinet, as he...
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kevinrb8
52 Fans
09:18 AM on 03/24/2012
what do you expect when they cant fiddle the expense claims as easily as before they get it with a tax break
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Lord Elpus
If you're going through hell, keep going
47 Fans
01:16 AM on 03/24/2012
I'd bet there are many more council leaders than ministers that would benefit from the drop in tax?
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northern git
fed up with all the political crap in life
188 Fans
09:05 AM on 04/12/2012
well there are many council leaders being paid (I won't say earning) more than the prime minister
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Chris Mack222k
13 Fans
11:37 PM on 03/23/2012
Just another way of filling their own pockets!

Seems a similar thing all over this government.
Its funny how there was so much controversy over cash for questions. Yet we have watched this government do something so much more underhanded, cash for contracts!

All those NHS contracts to companies that have sponsored MPs and all those Lords who just happen to have private health companies.... How many lords have health companies?
Who would have thought that 28% of Tory lords have private health companies, in a country with a public health authority. It really does question this governments involvement...

Why is it not OK for a local councilor to have financial and prejudicial interests without declaring them and not being allowed to vote, yet the lords are making millions from government contracts that they vote on filling their own pockets...

The latter really does bring into question British democracy, how are we to think that the lords will vote to not fill their own pockets.... Welcome to Bent Britain!

Power to the people!
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