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Ed Balls’ proposal today to remove pension contributions tax relief for those paying the highest rate of tax will not be accepted by business leaders. Simon Walker, Director General of the Institute of Directors, said:
“This tax-grab attempt from the Shadow Chancellor will be strongly opposed by the business community. Ed Balls seems to think that this country’s wealth-creators can be squeezed indefinitely with increasingly punitive taxes. We cannot allow Britain to become a place which persecutes success. A high-tax economy is a stifled economy: he says he wants growth – this is not the way to get it.”
by admin