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These three items will cost
These three items will cost £4.9 billion and we will pay for them with one tax change. We will introduce a new 50 per cent rate on the portion of individual income exceeding £100,000 a year. Just one per cent of taxpayers will pay this (because they can afford to) whilst most people will be better off as we abolish student tuition fees, abolish care charges for the elderly, and abolish the Council Tax.* All figures are for financial year 2006/7.