New Times,
New Thinking.

How much will Boris make from the 50p tax cut?

Johnson's tax return shows that he will make around £16,164 from the move.

By George Eaton

Now Boris Johnson has published his tax return, we can work out exactly how much he’ll make from the abolition of the 50p rate. Total earnings of £473,280 in 2010-11 (£339,625 of which came from freelance work) mean that Johnson can expect to make around £16,164 from the reduction in the top rate to 45p.

Evidence, perhaps, of why the mayor has consistently lobbied against the 50p rate, once comparing it to “Stalin’s assault on the kulaks“.

Select and enter your email address Your weekly guide to the best writing on ideas, politics, books and culture every Saturday. The best way to sign up for The Saturday Read is via saturdayread.substack.com The New Statesman's quick and essential guide to the news and politics of the day. The best way to sign up for Morning Call is via morningcall.substack.com
Visit our privacy Policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
THANK YOU

Content from our partners
Why Rachel Reeves needs to focus on food in schools
No health, no growth
Tackling cancer waiting times