Miliband goes on top rate tax attack

Today Miliband and Balls are in Stevenage holding a Q&A today ahead of next week’s Autumn Statement (which is being held in December, so should it not be a winter statement?). Both men will be stepping up their attacks on the 50p tax cut, with Miliband set to say of the government:

They don’t understand that you build economic success not from wealth trickling down but by rewarding and supporting working people. Earlier this year I highlighted the millionaires’ tax cut. I said David Cameron would be giving a £40,000 tax cut to every person earning over a million pounds a year.

But new figures we are publishing today show it is even more than that. The Government is about to give an average of £107,500 each to 8,000 people earning over a million a year. Not £40,000. But £107,500. To 8,000 millionaires. David Cameron and George Osborne are giving them this money. But it’s coming from you. You are paying the price of their failure and them standing up for the wrong people.