The HMRC's report into the former 50p rate provides the evidence for substantial tax cuts

Read on ConservativeHome here. 

Summary

Peter Young, fiscal policy adviser at the Adam Smith Institute, looks at HMRC's report into the revenue effect of the 50p income tax rate. He argues at ConservativeHome the report provides evidence that the government  should cut the rate to 40%, not 45p, in order to boost both revenue and growth.