Too many in 40p tax band - Lawson

Press Association
Updated
File photo dated 18/03/13 of money as people should be forced to put money into a pension in the same way that they have to pay taxes, according to a think-tank. PRESS ASSOCIATION Photo. Issue date: Wednesday January 22, 2014. Policy Exchange said that a
File photo dated 18/03/13 of money as people should be forced to put money into a pension in the same way that they have to pay taxes, according to a think-tank. PRESS ASSOCIATION Photo. Issue date: Wednesday January 22, 2014. Policy Exchange said that a

%VIRTUAL-SkimlinksPromo%George Osborne has come under further pressure to help middle-income earners as former chancellor Lord Lawson of Blaby said "far too many people" are caught in the 40p income tax band.

Another former Tory chancellor, Lord Lamont of Lerwick, called for the threshold to be raised, warning that unless action is taken 40p could become the basic rate.

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