Dear Mr. Darling,
A recent look at NatWest's 'fact sheets' for savings accounts suggests that anyone with mroe than 50k in savings will get interest without tax deducted , whereas those with less will have tax deducted - at source - at basic rate.
Doesn't this seem unwise and, more important, unfair? Why should rich savers get to pay their tax later than less well-off savers? Why should we trust rich savers but not poor ones?
If you're really looking for loopholes to close, this certainly sounds like one, don't you think?
Sincerely,
Tim Lennon.
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