The 50p tax rate

Published: Jan. 31, 2014, 5 p.m.

Chancellor George Osborne says a 50p tax rate does not bring in much revenue; Shadow Chancellor Ed Balls says it does. Tim Harford takes a look at why it is so hard to pin down how much tax is owed by the wealthy. Plus, have wages risen? How much does it cost to raise a child? Who do you invite to your wedding?