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Economics & Finance Politics Cambridge inequality Lib Dem middle class Property Tax Tax Id UK

Lefty economists against 50p tax

By Prospect  
October 1, 2011

Was Conservative HQ really behind a controversial letter to the FT? Not likely

Senior Lib Dems suspected the involvement of Conservative HQ in the recent letter to the FT, signed by 20 leading economists, calling for a drop in the 50p top rate of tax. However, it was little noticed that several of the signatories—including Bob Rowthorn, Paul Ormerod and Nick Bosanquet—are leftists. Bosanquet is a Lib Dem, and Paul Ormerod—who, like Rowthorn, is a longstanding Prospect contributor—still uses left-wing language, although he now sees the public-sector middle class…

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