And HIS party IS the Conservative Party over there?
They are scrambling since the CUT taxes for the rich last year…..
U.K. Prime Minister David Cameron said his government will announce additional measures to increase taxes on the rich, while ruling out a so-called mansion tax wanted by his Liberal Democrat coalition partners.
“We are going to take further action to make sure that the richest people in our country pay their fair share towards deficit reduction,” Cameron told the BBC’s “Andrew Marr Show” today as hisConservative Party began its annual conference in Birmingham, central England. He said he didn’t believe that people who saved and bought large houses should be hit “every year with a massive great tax. That’s not going to happen.”
British Prime Minister David Cameron. Photographer: Scott Eells/Bloomberg
The Conservatives have lost voter support since a cut in the top income-tax rate in the March budget allowed them to be painted as the party of the rich. Cameron’s refusal to accept a levy on the most expensive properties risks increasing tensions with the Liberal Democrats, who say they will only support further cuts to welfare if he introduces new wealth taxes.
The prime minister pointed to moves to stop tax evasion, remove reliefs and increase stamp duty — a tax on house purchases — on large homes as examples of measures his government has already implemented.
He said the rich “are paying a greater percentage on their total income than they ever did” under the previous Labour government. He defended reducing the top rate of income tax to 45 percent from 50 percent on the grounds it was “completely uncompetitive.”
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