More political (Election) preamble

Increasing income tax for top-earners to 45% would be "difficult to avoid" for any future Tory government, Shadow chancellor George Osborne has admitted as such this week.

The government plans to raise the top rate for people earning more than £150,000 from 2011. 

The Conservative Mayor of London Boris Johnson said on Friday that the move would stifle British enterprise. 

But Mr Osborne told BBC Radio 4's Today programme that he had never - and could not - rule out tax rises by his party. 

"If you look at the proposal to increase the rate of tax on people earning over £150,000 to the new 45% rate, that's going to be difficult to avoid." 

His comments came after party leader David Cameron said in a speech on Thursday that the rich would have to pay their "fair share" to rescue the economy.

Mr Osborne said his party would propose changes to the tax system so that companies relied on equity rather than debt and to encourage the public to save more. 

He criticised Labour's management of the national finances and said the Conservatives would rein in public spending. 

Boris had warned that "clobbering the rich" would be bad for business and that City institutions would suffer. 

Speaking on BBC Radio 4's Any Questions?, he said: "It sends out a signal to people who create wealth, people who are energetic... can generate new industries or drive large enterprises of one kind or another... that we want to take more of their proceeds away than before. 

one thing continues to concern me and that is that the conservatives do not appear to have got their act together with regard to the really important issues that matter so much to the electorate. I'm fairly sure that a strong majority have had enough of labour and much worse of Gordon Brown, but my concern is that the Conservative party still seems incapable of saying (in plain english) how they will deliver change, what their policies will be, what their priorities will be and until they can be consistent and transparent then we will not really know what we might be voting for!