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finance
budget
8401211
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# Budget 2011: 50p tax rate 'not permanent'
## Chancellor George Osborne says the higher rate of income tax is not
permanent but now is not the right time to remove it because "we're all in
this together".
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TelegraphPlayer-8401211
2:52PM GMT 23 Mar 2011
[Comments][1]
Speaking to the crowded chamber he said: "I think it's sensible to see how
much revenue it actually raises. I've asked HMRC to find out the truth when
the self-assessment forms start coming in.
"Of course, taxation must be fair. It's right that the wealthiest should pay
more than others. And it's especially wrong when they avoid taxes. "
**Follow our [Budget 2011 live][2] coverage for latest reaction and analysis
on the [2011 Budget][3].**
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