After government U-turn, baffled bosses say 45p tax cut was ‘ludicrous’ thing to have done

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High-earners tell Building improving industry productivity more important than hiking their pay packets

Top construction bosses have told Building the government was right to have abandoned the plan to abolish the 45p top tax rate but questioned why it was introduced in the first place – with one saying it was a “ludicrous thing to do”.

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