Raising the higher rate of income tax threshold from £41,000 to £50,000 is essentially a tax cut for the
top 16% of earners (as at 2012/13):
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/399041/Table_3_1_a_13.xls
Cutting the top rate of income tax for earnings above £150,000 is a tax cut for the top 1%.
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