Lib Dems go soft on 50p tax rate

It will only be a matter of time before the Lib Dems give way on the 50p tax rate, a rate charged anyone who earns more than £150,000.

Lib Dem Foreign Office Minister Jeremy Browne has told the media that the Lib Dems are not "intellectually wedded" to the 50p tax rate. So how long is this rate likely to last in reality?