The pledge is likely to be popular with the poorest people in the UK, already puzzled by the decision made by the current regime to lower the rate to 45p. This reduction is despite a struggling economy and the imposition of new levies on the poorest (such as the despised 'Bedroom Tax').
Such government decisions on taxation and levies have led to repeated concerns in Britain that the wishes of the wealthy are being prioritised over the poorest.
Labour's shadow chancellor, Ed Balls commented: "When the deficit is still high, it cannot be right for David Cameron and George Osborne to have chosen to give the richest people in the country a huge tax cut."
Critics have commented that the move will jeopardise the fledgling UK economic recovery by deterring investors and potentially causing a drain of perceived talent. However, this view is somewhat contradicted as they also say the tax rise will not raise such a great amount of money.
