UK announces taxes on rich ahead of election


  • Business
  • Thursday, 25 Mar 2010

LONDON (AP): Prime Minister Gordon Brown's government used its last budget before a looming national election to take from the rich and give to the poor, raising accusations it is invoking a class war as it attempts to win over recession-weary voters.

With just weeks to go before the national poll, the ruling Labour Party said Wednesday it was hiking taxes on the wealthy to pay for breaks given to lower income earners such as scrapping house purchase duties for first-time home buyers.

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