James Callaghan's government 1976 79 was left wing ? I think you need to read some history.
It had a top rate of income tax of over 90%, BA and BT were in state hands and the unions were constantly on strike. than Attlee's
The Callaghan government had of 1973.
The pay cap limit was and Callaghan
But the austerity of the also continued to be applied.
Healey raised the top rate of income tax to 83% in his first budget. A surtax of 15 per cent on "investment income" meant it was effectively 98%
But it had been at least 90% under Anthony Barber - Reginald Maudling, Selwyn Lloyd et al!
Barber reduced income tax by £1 billion from that left by Labour. The investment income surtax Healey introduced took the top income tax rate to 98% in effect as stated
Income Tax rates under all Tory postwar Governments until Thatcher were higher than anything I have seen the economy.
In their first term they would reverse everything Thatcher did, ie increase income tax, nationalise privatised industries, weaken strike laws and then they would move further
They are already going to nationalise water companies, the railways, Royal Mail etc ie most of the latter privatisations, BA and BT would be next in line.
They will put income tax up to 50% then it would creep higher and higher.
Already McDonnell today has refused to condemn any illegal strikes
You are making far too many assumptions there. There were many non-Thatcherite Tories who disagreed with the privatisation of the utilities listed . A commitment to restore them to the Public Sector hardly amounts to an extreme Neo-Marxist policy - particularly as in other EU countries they remain state owned! A Top rate of Income Tax of 60% would be reasonable and would match what Thatcher accepted for 9 years of her time in office- I cannot see them going for a higher rate than that.
James Callaghan's government 1976 79 was left wing ? I think you need to read some history.
It had a top rate of income tax of over 90%, BA and BT were in state hands and the unions were constantly on strike. than Attlee's
The Callaghan government had of 1973.
The pay cap limit was and Callaghan
But the austerity of the also continued to be applied.
Healey raised the top rate of income tax to 83% in his first budget. A surtax of 15 per cent on "investment income" meant it was effectively 98%
But it had been at least 90% under Anthony Barber - Reginald Maudling, Selwyn Lloyd et al!
Barber reduced income tax by £1 billion from that left by Labour. The investment income surtax Healey introduced took the top income tax rate to 98% in effect as stated
Income Tax rates under all Tory postwar Governments until Thatcher were higher than anything I have seen the economy.
In their first term they would reverse everything Thatcher did, ie increase income tax, nationalise privatised industries, weaken strike laws and then they would move further
They are already going to refused to condemn any illegal strikes
You are making far too many assumptions there. There were many non-Thatcherite Tories who disagreed with the privatisation of the utilities listed . A commitment to restore them to the Public Sector hardly amounts to an extreme Neo-Marxist policy - particularly as in other EU countries they remain state owned! A Top rate of Income Tax of 60% would be reasonable and would match what Thatcher accepted for 9 years of her time in office- I cannot see them going for a higher rate than that.
German rail is a joint-stock company and there are many private train companies there too
A top rate of income tax of 60% would be higher not only than the US and Australia but France, Germany, Italy, Japan and Canada too, it would confirm the disaster Corbyn and McDonnell would be for the UK economy
In their first term they would reverse everything Thatcher did, ie increase income tax, nationalise privatised industries, weaken strike laws and then they would move further
They are already going to refused to condemn any illegal strikes
You are making far too many assumptions there. There were many non-Thatcherite Tories who disagreed with the privatisation of the utilities listed . A commitment to restore them to the Public Sector hardly amounts to an extreme Neo-Marxist policy - particularly as in other EU countries they remain state owned! A Top rate of Income Tax of 60% would be reasonable and would match what Thatcher accepted for 9 years of her time in office- I cannot see them going for a higher rate than that.
German rail is a joint-stock company and there are many private train companies there too
A top rate of income tax of 60% would be higher not only than the US and Australia but France, Germany, Italy, Japan and Canada too, it would confirm the disaster Corbyn and McDonnell would be for the UK economy
Thatcher found 60% very acceptable for 9 years. Scandinavia does perfectly well with similar rates
In their first term they would reverse everything Thatcher did, ie increase income tax, nationalise privatised industries, weaken strike laws and then they would move further
They are already going to refused to condemn any illegal strikes
You are making far too many assumptions there. There were many non-Thatcherite Tories who disagreed with the privatisation of the utilities listed . A commitment to restore them to the Public Sector hardly amounts to an extreme Neo-Marxist policy - particularly as in other EU countries they remain state owned! A Top rate of Income Tax of 60% would be reasonable and would match what Thatcher accepted for 9 years of her time in office- I cannot see them going for a higher rate than that.
German rail is a joint-stock company and there are many private train companies there too
A top rate of income tax of 60% would be higher not only than the US and Australia but France, Germany, Italy, Japan and Canada too, it would confirm the disaster Corbyn and McDonnell would be for the UK economy
Thatcher found 60% very acceptable for 9 years. Scandinavia does perfectly well with similar rates
Even Scandinavia does not have a 60% top income tax rate
Comments
A Top rate of Income Tax of 60% would be reasonable and would match what Thatcher accepted for 9 years of her time in office- I cannot see them going for a higher rate than that.
A top rate of income tax of 60% would be higher not only than the US and Australia but France, Germany, Italy, Japan and Canada too, it would confirm the disaster Corbyn and McDonnell would be for the UK economy