George Osborne said that people are pleased to pay tax at 40%, as it's a badge of success. Yeah, right! Perhaps someone's had a word with him and they are changing their message.
David Cameron has said he would “love” to raise the 40p tax threshold because people who do not consider themselves to be rich are paying it. The Prime Minister’s comments are the clearest hint yet that the Conservatives could pledge to raise the threshold for the higher tax rate after the next general election.