Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Lord Kinnock says rich should pay more tax

 

Sunday 08 December 2013 19:47 EST
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

The rich should pay more tax and 50p is the correct rate for the highest level of income tax, Lord Kinnock has said.

Years of austerity should be used to build a sound foundation for the future, Lord Kinnock said, not the platform for an ideology-driven shrinking of the state.

The Labour peer, who led his party to defeat in 1987 and 1992, told the BBC One Andrew Marr Show the lessons of post-war austerity showed the least well off had to be protected and insisted this was current party policy.

“I’m not saying they can pay for everything, but bankers’ bonuses taxation should be restored to the rational system that we had,” the Labour peer said, adding that restoring it was “very clearly Labour’s unerring policy”.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in