TAX RISE ON THE RICH?

George Osborne repeated his dubious assertion that “we’re all in it together” dubious his Autumn Statement today. The basis for this absurd claim was that the richest in society would be paying even more.

But these claims don’t stand up to scrutiny. The Government has given over 8,000 millionaires a tax cut of on average £107,000.

And what George Osborne announced is smaller than the £3 billion tax cut for the rich he is pressing ahead with in April.

The changes to pension tax relief announced today simply reverses the £1.6 billion George Osborne gave back to people earning over £150,000 when he scrapped Labour’s cuts to pension tax relief in 2010.