Restauranteur Richard Caring is leading the charge against Labour for their pledge to reintroduce the 50p tax rate. The billionaire owner of Caprice Holdings, which includes Le Caprice, The Ivy and Scott’s, said over the weekend:

‘I am deflated to see this negative political attack on those trying to support the fragile recovery in these tough economic times.’

Awkwardly for Labour, Caring is one of the many rich backers the party were revealed to have tapped up for loans under Blair, and they are still yet to repay him his £2 million.

If he’s that upset with Balls, maybe it’s time to send him his bill?

Tags: 50% tax rate, Labour, restaurants, Richard Caring