0 the highest level of a payment, especially of tax:
Every time, they repeated the promise that we have kept: we would not increase the basic rate or the top rate of tax.
There is a small, but welcome, start in removing relief on mortgages at the top rate.
British taxpayers cross the threshold for the top rate of income tax at a much lower level than in most other countries.
But let the top rate taxpayer be warned that top rates will increase.
We have cut the basic rate of income tax from 33p to 25p, and the top rate from 83p to 40p.
At that stage, the top rate of income tax was 60p in the pound and the standard rate was 30p.
Really, that 90p is not a generous figure, and it is the top rate.
We know what the top rate will be, and the effect on earned incomes of about £20,000 and above.
