Telegraph: Reports that the Chancellor of the Exchequer George Osborne has sent out a message that the 50p income tax rate will go, it is expected to abolished in 2013. This tax development will go down well with the Conservative Party and business leaders, the Liberal Democrats will have to be bribed, tax on mansions or something in that range, also before the 2015 election the Chancellor has to cut taxes at the lower rate, also look to cut VAT or other domestic taxes. Over the next two years the UK Budgets should look to boost the economy and thus make the Government popular for the election.
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