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

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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