CITY VIEWS: SHOULD THE 50P TAX RATE BE CUT?

CHRIS PEREGRINE | COLT
“No I think it only applies to high earners. It’s right that the rich should pay more, although it’s not the answer to everything. I would be very surprised if it changes this year.”

NICK DONOVAN | RSA GROUP
“Not at the moment. Everyone needs to make a contribution to getting the debt down. Everyone should share the pain in the bad times and everyone should share in the gain in the good times.”

PHIL MORALEE | REAL GLOBAL MARKETS
“Yes, I don’t think it’s fair, you are being penalised for doing well. It should be changed as soon as possible. If you work hard and do well, you shouldn’t be penalised.”