““by removing the 10p band on non-savings income’. Here, what looked like a simplification of the tax system was in fact the abolition of the 10p tax rate that Brown had so proudly introduced when he first became Chancellor. This change meant that someone earning £10,000 a year would lose £223 a year from the abolition of the 10p tax rate and gain just £50 a year from the reduction in income tax from 22p to 20p””
