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Sorry, you are quite right. Looking it up now, the top rate was 40p from 1988-2010 and Labour raised it to 50p shortly before the 2010 election. No-one complained about it not being progressive enough through the Blair years, but then I suppose back then there was less income inequality and lower demand for public services.
It's just such a tiny demographic though. According to gov stats there are only 630k additional rate taxpayers in the entire country, presumably concentrated in a small number of London (safe Lab) and Home Counties (safe Con) constituencies? Very few in the traditional Middle England battlegrounds, you would think.
It's so puzzling. I could have understood giveaways to the red wall or whatever, but this must be ideologically-driven, i.e. they think it was "unfair" that Labour raised this rate from 40p to 45p, or somehow it's going to raise more money in the long run by stimulating growth.