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The UK 50p tax rate hike had the opposite effect to what was intended ‘Labour’s ideological tax hike led to a tax cull of millionaires. Far from raising funds, it actually cost the UK £7 billion in lost tax revenue. Read more: http://www.dailymail.co.uk/news/article-2239534/Millionaires-exodus-Two-thirds-Britains-earners-deserted-UK-50p-tax-rate-introduced.html#ixzz2DeZFxRwz Follow us: @MailOnline on Twitter | DailyMail on Facebook
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