Two-thirds of millionaires left Britain to avoid 50p tax rateAlmost two-thirds of the country’s million-pound earners disappeared from Britain after the introduction of the 50p top rate of tax, figures have disclosed.
By Robert Winnett
Nov. 29, 2012
Trump: DREAMers Should 'Rest Easy'; Prosecuting Assange 'OK With Me'
Marine Le Pen: Restore France's Borders And Expel Foreigners On Watch Lists
Report: Bannon Warned Ailes Megyn Kelly Was 'The Devil,' 'She Will Turn On You'
Obama Interferes In French Election To Stop Populist Marine Le Pen
Netherlands: Police Shoot Knifeman Screaming 'Allahu Akbar'
In the 2009-10 tax year, more than 16,000 people declared an annual income of more than £1 million to HM Revenue and Customs.
This number fell to just 6,000 after Gordon Brown introduced the new 50p top rate of income tax shortly before the last general election.
The figures have been seized upon by the Conservatives to claim that increasing the highest rate of tax actually led to a loss in revenues for the Government.