Freeze energy prices; force builders to erect houses on land they own; impose new levies on high-interest lenders; cap retail banks' market share-in recent months the Labour Party has written a strikingly leftish catalogue of policies. On January 25th Ed Balls, the shadow chancellor of the exchequer, added another entry. If Labour wins the next general election, scheduled for 2015, it will raise the top rate of income tax from 45% to 50%.
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