The newspaper quoted an unnamed political colleague of Blair's as saying the top rate of income tax might be raised to 50 per cent from the present 40 per cent for those earning 100,000 ($155,400) or more a year.

Tony's instinct is to say that there should be no new top rate, it quoted the member of parliament as saying. However, he may go for upping it for those on

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First Published: Sep 11 1996 | 12:00 AM IST

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