Tax dangers
Some of us are old enough to remember a previous Labour government which raised the top rate to 97.5 per cent. Is it not time it recognised that common sense is more important than dogma? There has been an influx of French high earners from Paris to London to escape the swingeing tax increases promised by their new president.
London’s financial sector makes a significant contribution to the British economy.
We simply cannot afford to chase a large number of entrepreneurs to foreign countries where the tax system is balanced and proportionate.
John Kelly
High Street
Dalkeith, Midlothian