Huhne wavers on supertax pledge

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According to the Guardian, he said today:

“The 50p top tax rate is now looking in international terms quite uncompetitive . . . and there are alternative ways of being redistributive.”

I certainly agree with the second point, although I think the first can be overblown. While it is hardly a policy announcement, it is certainly more sensible than Oaten’s fudge.

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