Budget: Redwood claims 50p tax rate cut would raise money

Name: Budget: Redwood claims 50p tax rate cut would raise money
Uploaded: 2012-03-18T13:44:05.000Z
Duration: 3 min 57 s
Description: A Conservative MP has said the 50p tax rate was losing money for the Treasury and cutting it would actually bring in more revenue.

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A Conservative MP has said the 50p tax rate was losing money for the Treasury and cutting it would actually bring in more revenue.

John Redwood said he wanted the rich to pay more and added: "You do need to have a rate that people will be prepared to stay and pay."

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UK Politics

18 March 2012