Chancellor faces calls to rule out further tax cuts for the UK 's top earners . He dodged questions over plans to offer more help to £50,000 plus salaries . Instead he focused on raising the amount of tax-free income to £12,500 . Labour plans to impose 150,000 tax rate on salaries of £50 per cent or more . The current rate for the top tax bracket is 45p with basic standing at 20p .
Chancellor faces calls to rule out further tax cuts for the UK 's top earners . He dodged questions over plans to offer more help to £50,000 plus salaries . Instead he focused on raising the amount of tax-free income to £12,500 . Labour plans to impose 50 per cent tax rate on salaries of £150,000 or more . The current rate for the top tax bracket is 45p with basic standing at 20p .