Top income tax rate falls to 45%

A raft of government changes to tax reform come into effect from today, including a cut in the top rate of income tax from 50p to 45p.

View all 13 updates ›

TUC: Tax reforms 'huge slap in the face' for families

The Government's sweeping changes over tax rates is a "huge slap in the face" for families, the TUC general secretary said today. The new tax reforms include a cut in the top rate of income tax from 50p to 45p.

TUC general secretary Frances O'Grady said:

Cutting taxes for the richest in our society is a huge slap in the face for the millions of hard-working families struggling to make ends meet.

This move, which will lead to the loss of vital revenues, comes at a time when low-income households are seeing a huge range of vital benefits and tax credits mercilessly cut back.

It says a lot about this government's priorities that it is forever coming up with new ways to take money away from those at the bottom, whilst handing out tax breaks to those at the top.

More top news