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Ed Miliband’s 100 days – and the first Ed Balls Budget

There will be tax rises to suit every taste. But the people he’s expecting to pay will probably just leave

11 April 2015

9:00 AM

11 April 2015

9:00 AM

Here’s what to expect

52p top rate of tax

Ed Balls won’t be looking for money when he says the ‘additional’ top rate of tax will go back up — there’s no evidence it will raise any. Top-band income tax will be 50p, which added to the extra 2p National Insurance would give Britain an effective top tax rate of 52 per cent.

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