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Nick Clegg calls for wealthy to pay additional 'emergency tax'

John Fitzsimons
by Lovemoney Staff John Fitzsimons on 29 August 2012  |  Comments 33 comments

Nick Clegg thinks the wealthiest should pay extra tax for a limited time. Is he right?

Nick Clegg calls for wealthy to pay additional 'emergency tax'

Nick Clegg, the Deputy Prime Minister, has suggested that for a limited period the wealthiest people in the country should pay extra tax.

Speaking to the Guardian, Clegg said a “time limited contribution” from the most well off was needed for the sake of fairness and to ensure we remain a “cohesive and prosperous” society.

He is quoted as saying: “If we are going to ask people for more sacrifices over a longer period of time, a longer period of belt tightening as a country, then we just have to make sure that people see it being done as fairly and as progressively as possible.”

Opponents have accused the Deputy Prime Minister of being a hypocrite as he voted in favour of cutting the top rate of tax from 50% to 45% for those earning more than £150,000 a year.

Is he right? Should the wealthiest pay more in tax? Cast your vote in our poll below.

More on tax

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Why Britain needs a worldwide tax

How to get a tax refund

Are 'cash in hand' payments morally wrong?

Would you use a tax avoidance scheme?

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Comments (33)

  • mrs weatherley
    Love rating 31
    mrs weatherley said

    Defence of the realm is the primary function of government...this ought to mean economically as well as in any military capacity....poverty brings with it unrest and disease...let other realms take care of themselves. People can donate to charity if they wish but it is not the remit of government to tax us to support outsiders...here or in their own lands.

    Odd how this government is so scathing about welfare dependency of its own people when we have wasted billions creating dependents abroad and we haven't changed much for them in real terms only interfered.

    We cannot afford any wars at all nor are they in our best interests..bring those soldiers home for border controls. We need to be creating a self sufficient UK not dabbling in other countries.

    Report on 05 September 2012  |  Love thisLove  2 loves
  • edwardmk2879
    Love rating 57
    edwardmk2879 said

    Nick Clegg is the consummate opportunist. Soundbites for his followers. In fairness to him, he got one thing right, which was to push for a big increase in the personal allowance for working men and women. He is a determined EU supporter, despite the obvious disaster area it's turning into. I suppose he needs the cash to send it to the EU to meet their demand for an inflation adjusted pay rise. "We can't get agreement to reduce our contribution because 17 nations will vote against us cutting back".

    Might that be because those seventeen nations want our cash? Grow a backbone, cut payments to the EU, and you won't need to raise taxes (temporarily my a"**!)

    Report on 04 November 2012  |  Love thisLove  0 loves

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