Labour: Raise ‘income tax’ for rich

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    Labour plans to challenge the government on its stance on austerity with an amendment to the Queen’s Speech. The amendment will call for a relaxation of the public sector pay freeze and more money for the police.

    So how will they cover the cost of easing up on austerity?

    View the original article: http://www.bbc.co.uk/news/uk-40428020

    Shadow Chief Secretary to the Treasury Peter Dowd told the Today programme Labour will cover these costs by “raising corporation tax” and “income tax for the top 5%”.

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