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Michael Dugher MP, Labour's Shadow Cabinet Office Minister, has written to the Prime Minister, asking him how much he stands to benefit from the cut in the top rate of income tax and how many of his Cabinet colleagues also stand to benefit.
He writes as an ICM poll, published by Labour today, show that 71% of voters think the Government should abandon the tax cut in light of the continued challenges posed by the deficit and the recession.
The full text of the letter is below:
Dear Prime Minister,
Your Government has taken the decision to cut the top rate of tax for the richest people in this country.
At a time of economic difficulty, you have chosen to give 8,000 people earning over £1 million a tax cut of at least £40,000. Meanwhile millions are paying more as your failed economic plan has taken us into the longest double dip recession since the Second World War.
Polling released today suggests that the majority of the public share this concern. 71% of voters think that your Government should abandon the tax cut in the light of the continuing challenges posed by the rise in borrowing as a result of the double dip recession. It’s very clear that the public believes you cannot be the One Nation Prime Minister Britain needs.
The polling also suggests that the public think that people who cut taxes for millionaires while at a time of economic difficulty should come clean about whether they benefit. The majority of voters questioned believe that you should come clean as to whether you personally stand to benefit.
As Ed Miliband said this week, “the question is not whether somebody is well off, the question is: are you giving tax cuts to the well off and raising taxes on other people?”
It is not about how rich people are, it is about the decisions they take. It is about the principle of giving tax cuts to the well off, while raising taxes on other people.
Therefore I am calling on you to answer the following questions:
* How much do you personally stand to benefit from the cut in the top rate of income tax?
* How many of your Cabinet colleagues personally stand to benefit from the cut in the top rate of income tax?
The issue is about broad principle and about whether you implement One Nation principles, fair principles, in the way you do tax policy.
When taking decisions which benefit millionaires over the millions, and while refusing to come clean as to how much you personally stand to gain, it is impossible for you to be the One Nation Prime Minister we need.
Michael Dugher MP