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IPFS News Link • Economy - International

Britain’s Debt Deepens; Its Outlook Grows Gloomier

• NY Times
To reduce the deficit, which would be the highest of any nation among the Group of 20, which comprises G-7 members and major emerging economies, Mr. Darling proposed to increase income tax for the highest earners to an unprecedented 50 percent, from

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Comment by haltse
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It's not an unprecedented 50%. The UK's top rate for personal income was around 83% when Thatcher came to power.