No, John McDonnell, people earning over £42,000 have not been “hit hard“ by the Conservatives

The shadow chancellor's decision to support this tax cut is as disappointing as it is innumerate.

John McDonnell has backed Conservative plans to raise the point at which you start paying the 40p rate (that’s 40p of every pound earned after you hit the threshold) to above £45,000 by April 2017 (part of the Conservative manifesto pledge to raise the 40p rate so that it only covers people earning above £50,000 by 2020).

Speaking to the BBC, the shadow chancellor said that those affected “need a tax giveaway at the moment because the mismanagement of the economy by the Conservatives is hitting them hard”.