If the rumours are true, George Osbourne is going to abolish the top 50% rate of tax – you need to be earning £150,000 a year for this rate, so it’s not exactly a concern for most people, though you wouldn’t know that from the press in the UK. This post is an excellent, succinct, demolition of the ‘arguments’ for abolition.

(nice poster – shame about the apostrophe error…)