Brownie No.3 – Gordon Brown’s “transitional” 10p tax rate
When Gordon Brown was defending his decision to scrap the 10p tax rate in April 2008, he spoke as if he was avenging a great moral wrong. “I think I should tell the House that 85 per cent of the benefits of the 10p rate go to higher-rate and basic-rate taxpayers, and that 11 million
