Labour to raise £4.5bn more a year from higher earners

Jeremy Corbyn plans to lower 45p threshold to £80,000, while 50p rate will be reintroduced at a lower level

Jeremy Corbyn General Election
(Image credit: Carl Court/Getty Images)

A Labour government would lower the threshold at which workers pay a 45 per cent rate of income tax and reintroduce a 50 per cent rate at a lower level than before.

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