Cameron pledges to raise higher rate threshold to £50k

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Prime Minister David Cameron has said the Conservatives will raise the 40% tax threshold from £41,900 to £50,000 if they win the 2015 General Election.

In a surprise move, Cameron made the multi-billion pound commitment at today's Conservative Party Conference, as part of a play for votes from the "squeezed middle". The Prime Minister also pledged...

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