Is This The Nadir?

Posted on April 27, 2009

Until 1995, Clause IV of the British Labour Party constitution undertook:

To secure for the workers by hand or by brain the full fruits of their industry and the most equitable distribution thereof that may be possible upon the basis of the common ownership of the means of production, distribution and exchange, and the best obtainable system of popular administration and control of each industry or service.

What does the Blairite former cabinet minister Stephen Byers think of the 50p tax rate on earnings over £150K, announced in last week’s budget?

I believe it should be opposed because in the long run it will be something which will be damaging for both the Labour Party and the economy.

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