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@Greenbank
As usual, Thatcher is to blame:-
https://en.wikipedia.org/wiki/History_of_taxation_in_the_United_Kingdom#Income_tax_2
"
The Government of Margaret Thatcher, who favoured indirect taxation, reduced personal income tax rates during the 1980s.[18] In the first budget after her election victory in 1979, the top rate was reduced from 83% to 60% and the basic rate from 33% to 30%.[19] The basic rate was also cut for three successive budgets – to 29% in the 1986 budget, 27% in 1987 and to 25% in 1988.[20] The top rate of income tax was cut to 40% in the 1988 budget. The investment income surcharge was abolished in 1985.
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I wonder what helped grow the disparity between the wealthiest and the rest.
My FiL remembers the time when he was paying 98% on some of his earnings.