More workers paying top-rate tax
Over one in ten workers currently pay the top rate of income tax, it has been revealed.
Link: UK tax rate card
Figures from the Inland Revenue have shown that in the last year 3.1 million workers were required to pay the income tax rate of 40% that is imposed on earnings over £34,515 a year.
This is out of a total of 29.4 million income tax payers and the figure represents a rise of over 1 million since Labour came to power in 1997.
A representative from the Inland Revenue told the FT that people were more affluent now than in 1997 and were getting paid more.