VIDEO: Cameron defends decision to cut top rate to 45p

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David Cameron has accused Labour of putting “political convenience” above good economics by pledging to restore the 50p top tax rate on earnings over £150,000.

The Prime Minister defended his own decision to cut the top rate to 45p, insisting that while it may not have been popular, it was economically the right thing to do. But he dodged questions about whether he agreed with Conservative mayor of London Boris Johnson that the rate should be reduced further to 40p.

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