41% (40% income tax + 1% "social security") rate comes in at around £44k per annum, so it doesn't take much to trigger it. Someone who has been a policeman or teacher for about 10 years will normally start getting into that salary bracket. Then there are the numerous public sector jobs in London, the ones you see in the back of the Guardian each week. "Diversity counsellors" on 100k a year, 200k for PR jobs at quangos (funded by the public of course). It makes the Greeks look restrained.
the rate was set at a fixed 18% to increase revenue. it was not a tax cut. previously with indexation allowance many people paid less than 18%, some only 10%.
So it was cut to raise revenue and now it is being increased to raise revenue? Perhaps you can spot the flaw in that reasoning
My bet is they cut to raise revenue but got no revenue increase because the market tanked. So, obviously, they now think that they aren't getting the revenue because of the tax cut. That's government logic for you. Just like people here think that the reason the U.S. stock market got more volatile for a while is because they eliminated the uptick rule and not because the shit hit the housing fan.
A coalition of liberals and conservatives is an hermaphroditic aberration and is patently unworkable unless the conservative compromises. Great first step confirming the above. P.S. I agree with the comment on " Yes.Minister". Great show.