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David Cameron could scrap 50p top tax rate

David Cameron has taken a chance with UK voters by suggesting he would look to reverse the UK government's 50p top tax rate if it were shown to raise no money. While his comments have been applauded by Conservative supporters to the right of the party, there is no doubt that the Labour Party will use this to confirm that the Conservatives will look to reduce the tax burden for higher earners in the UK if they gain office.

While there will be much political headway made from the comment by David Cameron, it is worth while focusing upon the fact that he will only scrap this top tax rate if it is shown to make no money from the government. Depending upon your political views, he can either be castigated as looking after the rich and ignoring the poor or he can be applauded for a sensible approach to the UK tax system, which has become increasingly complicated and expensive over the last few years.

Whether or not you agree with David Cameron's comments many of his supporters will be pleased to see he is actually making definitive comments upon future policy at a time in UK voters are looking for substance behind the headlines.

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