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Will David Cameron's gamble pay off?

As we covered in one of our earlier post, Tory leader David Cameron has today suggested he would scrap the 50p top tax rate if it was shown to bring in no money for the UK government. While this is almost certainly a major gamble by David Cameron to show that he is both pragmatic and realistic about the UK tax system it could well play into the hands of the Labour Party as we approach the general election.

The very fact he will only scrap the top tax rate if it is shown to bring in no money may well surprise many non-Tory supporters who had automatically assumed he would scrap the rate as soon as he entered office (assuming the Conservative party win the next general election). It was also interesting to see a recent poll suggesting that the Conservative party was the most trusted by voters with regards to public sector investment and public sector services.

This is a major swing from the olden days when the Labour Party was seen as the protector of local services, but after a decade of massive investment into public services it seems that many voters are concerned about the actual return on this investment.

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