Greens would put top tax rate up to 60p

The Green Party say they would put up the top rate of tax from 45p to 60p in the pound.

The hike would bring in an extra £2bn a year for public services while discouraging companies from paying “excessively high” salaries, said party leader Natalie Bennett.

She said: “For too long now the economy in this country has worked for those at the top, while failing everyone else.

“The 60p tax will raise money to fund crucial public services, contributing towards the reversal of the failed policy of austerity that is making the poor, the disadvantaged and the young pay for the greed and fraud of the bankers.

“Only the Green Party are proposing radical changes which will redistribute wealth within our economy and encourage companies to reduce the gap between their highest- and lowest-earners.”