LONDON—Britain’s opposition Labour Party said Saturday that it would reintroduce a 50% income-tax rate for those earning more than 150,000 pounds ($247,000) a year if it wins the next general election in 2015 as part of its plan to bring a surplus on the current budget and get the national debt falling by 2020.
Prime Minister David Cameron’s Conservative Party said Labour’s plan would drive away investment and put the economic recovery at risk. The Confederation of British Industry, the country’s main business group, said…
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