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George Osborne is considering cutting the 50p top rate of income tax in next week's Budget, the BBC understands.
Prime Minister David Cameron will discuss the Budget with the chancellor and other senior ministers on Friday.
There is speculation the tax on earnings over �150,000 could be reduced to a 45p rate or scrapped entirely in return for tax cuts for low earners.
Labour leader Ed Miliband said it was the "wrong priority" and money should be spent on jobs for young people.
The coalition's "quad" of top ministers, Conservatives Mr Cameron and Mr Osborne and Lib Dems Nick Clegg and Danny Alexander are discussing the Budget by telephone on Friday. Temporary tax
All budget decisions will have been made by the end of Friday so that the details can be sent to the Office for Budget Responsibility.
The government-appointed body will use these tax and spending decisions to make its economic forecasts. Continue reading the main story �Start Quote
For a chancellor sometimes likened to a submarine - George Osborne has never been timid about deploying a torpedo�
image of Ben Wright Ben Wright Political correspondent, BBC News
Is Osborne planning a 50p tax surprise?
The 50% income tax rate was introduced by the previous Labour government in 2010, to help pay for declining government revenues during the recession.
Mr Osborne has always said it was a temporary measure and has asked officials to assess how much extra it is raising.
www.airjordansfrances.com Not only that
Last week Aturmoil in the stock market in the center of gravity continues to move up ,especially the Shanghai index is the emergence of a firm 3100 point upward breakthrough morphology ,the public opinion had been the view .
However ,the weekend information related to show the market rose slightly changes the atmosphere .So ,jordan pas cher,how to treat this information ?The external market is depressed will change the trend of rise ,?A recent series of information shows that the external market for A shares market growing influence .
Week four of the Dow Jones index return million points,hollister, thus stimulate the bull of the passion to do more ,also have the Shanghai Composite Index in the last Friday substantially ball to rise the quotation .
Unfortunately ,,at last Friday ,Dow Jones index adjustment trend, fall 1.08% .The today and even earlier this week A market trend to a certain pressure .Therefore ,air jordan,the view of the Monday A market trend may not over-optimistic .
However ,I tend to think that ,historical trend shows that the A stock market is in the long-term trend and the United States and other global stock markets keep the direction consistency .
However ,on the day or days of the trend may vary .This may be related to their investment in the character difference and transaction system difference has the certain connection .Moreover ,the Dow fell in the last Friday million points, does not mean the Dow plunged into the trend of adjustment .
Not only that ,not to the external market trends to speculate on A stock market short-term trend .Moreover ,the current A-share market as A has a strong energy to do more, that is for economic data interpretation .
Not only in the third quarter GDP growth rebounded to 8.9% ,although less than 9.1% of the originally expected,moncler, but after all, every quarter economic data continues to rebound strong market of our country economy to accelerate announced the recovery trend ,is conducive to strengthening the funding to do more clout .
Also in September the import and export data back up to hundreds of billions of dollars more, this is the first time since October ,descriptions of import and export trade began to become active ,BDI index ( Baltic dry bulk transport index ) continue to rise from a side support this point .
So, our country economic growth prospect is optimistic .The view points out clearly, as long as the economy continues to rebound ,then ,A stock market cooling is expected to be no real foundation .
Therefore ,casque beats,A stock market is still expected to maintain last week formed by attack patterns .The new trend is expected to gather funds emerging Fen and ,the A stock market fund surface also has positive new development .
A low price stock continued to emerge super stocks .Typical a week ( ,) ,shenshenfang ,( ,) ,they stand behind is the industry boom degrees or the company fundamentals are the positive changes ,but also with the market the existence of new long funds exist great association .
This new funding to do more sources may be RMB appreciation brings hot money is expected to .This means that the capital market side while at the end there are some contractions of the possibilities ,moncler,but as a result of the influx of hot money and other information ,the market long-term funds are still optimistic about the future ,thereby supporting the market trend of the rise .
Two is the funds gradually from the angle of the industry mining new varieties of investment ,casque dr dre.As everyone knows that, nowadays ,the trend of investment has gradually become a mainstream stock ideas ,therefore ,the basic area of pole change trend once formed ,may cause the stock price continued to rise .
For example trade counter benefit variety ( ,) ,( ,) ,repeatedly active species ,is a prime example of the trend of investment .At the same time ,the industry boom structural changes also spawned funds in hot pursuit of the object .
For example,hollister france, data display ,the first three quarters of this year ,three or four City sales increased 32% compared to the same period ,this not only shows the overall recovery of economy situation ,but also for the A shares market brings direct as object ,this is the two or three line of the hot real estate shares the market rise ,as previously mentioned .
City Corporation ,deep house super dark horse shares and ( ,) ,ST starfish two or three line real estate stock fund inflow sign illustrates this point ,abercrombie france.In view of this ,the new trend that capital reflects positive information ,is not only the market have additional funds into the signs ,but also hope to generate new exciting point ,thereby forming a better effect to make money ,and then promote the market rise market .
This facilitates the A stock market trend to develop to depth .To sum up ,the current A stock market short-term peripheral market atmosphere is not optimistic ,but the A shares market itself exists up falls easily difficult pattern - or difficult mainly because of short of strength of public opinion is weakened ;up easy ,mainly because the peripheral market hot ,domestic economy picks up continuously ,the appreciation of the Renminbi hot money flow is expected to bring expected ,therefore ,A recent stock market will be active again, do not rule out the possibility of the Monday dikaigaozou .
Therefore ,in operation, recommended that investors can actively select stocks ,the new trend of some popular varieties can be tracked ,including trade counter benefit concept stocks ,franklin marshall,real estate stocks also includes the two or three line and main line of power new energy concept stock .
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