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Labour would reintroduce 50p tax rate

25 January 2014 Last updated at 23:01 GMT

A Labour government would reintroduce the 50p top rate of income tax for those earning over £150,000, shadow chancellor Ed Balls has said.

He said a government analysis which showed it did not raise much was skewed by assumptions made by ministers.

Conservatives said an increase would put "the economic recovery at risk".

Ross Hawkins reports.

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