Tax photo

The Sunday Times quotes Mark Littlewood

IEA Director General Mark Littlewood responded to proposals by Shadow Chancellor Ed Balls’s to increase the top rate of income tax as ‘absurd’. Whilst damaging to innovation and enterprise, the proposed policy would also harm economic growth and only bring in a marginal amount more income, if that. It could also place in jeopardy the fragile British economy which relies upon these top earners for almost 30 percent of all income tax received.

You can read the full article here.