A hard-working – and Labour-voting – friend of mine is absolutely clear what
she will do if Gordon Brown brings in the new top rate of tax of 45p in the
pound, announced in the prebudget report. She will negotiate with her
company a “salary sacrifice”, ie, a large wage cut balanced by additional
pension contributions. Alternatively, she will work a three-day or four-day
week. Anything but pay more income tax.
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