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Budget 2012: Ed Balls on 50p tax rate and granny tax

26 March 2012 Last updated at 12:28 BST

The shadow chancellor was asked why Labour never taxed the super rich more, if it has a problem with the coalition cutting the top 50p tax rate in the Budget.

Ed Balls said tax was increasing under Labour as incomes were going up and stamp duty was raised, as Andrew Neil challenged him over what the top tax rate would be under a Labour government.

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