article_snippet: The 40p tax rate is hitting too many people on ‘middle incomes’, David Cameron said yesterday – as David Cameron hinted at fresh action on the issue in next week’s Budget.
article_snippet: Prime Minister said it was wrong that millions of people doing normal jobs like teaching are now paying a tax rate that was ‘only ever meant for the better off’.
article_snippet: David Cameron said The 40p tax rate is hitting too many people on ‘middle incomes’ as David Cameron hinted at fresh action in ’s Budget during a visit to The Green School For Girls in west London yesterday (above)
article_snippet: The number of people paying 40p tax has risen by about two million to five million since 2010, as a result of coalition decisions to cut the threshold to help pay off the huge budget deficit left by Labour.
article_snippet: the 40p rate of tax was only ever meant for the better off.
article_snippet: But over the years the 40p rate of tax’s dragged more and more people into the 40p rate of tax reach - police officers, teachers, people on middle incomes.
article_snippet: Despite the pledge, the number of people paying 40p tax is expected to rise, albeit at a slower rate.
highlights_snippet: Prime Minister said the tax is hitting too many people on ‘middle incomes’
  Prime Minister announced last year that future Tory government would raise threshold .
  