Labour tax poster: 'Who wants to bung a millionaire?'

Labour unveil their new poster to mark the reduction in the 50p tax rate.
Labour unveil their new poster to mark the reduction in the 50p tax rate. Credit: Twitter/ @labourpress

MP Tom Watson and Shadow Chancellor Ed Balls unveil a Labour poster against the government changes to tax reform come into effect, including a cut in the top rate of income tax from 50p to 45p.

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Top income tax rate falls to 45%

A raft of government changes to tax reform come into effect from today, including a cut in the top rate of income tax from 50p to 45p.