Fortuna

Alistair’s living in Wonderland: Darling refuses to cut spending, hits rich with 50p tax rate and pins his hopes on recovery fantasies

The Chancellor drove a stake through the heart of New Labour yesterday by stinging top earners with a new 50p tax rate. Experts said the move - resisted for a decade by Tony Blair - was largely symbolic. Read more here: Alistair's living in Wonderland: Darling refuses to cut spending, hits rich with 50p tax rate and pins his hopes on recovery fantasies

Back to the future: Darling gambles on 1970s-style tax raid against the rich

The Chancellor drove a stake through the heart of New Labour yesterday by stinging top earners with a new 50p tax rate. See the original post: Back to the future: Darling gambles on 1970s-style tax raid against the rich