Labour has confirmed that it will bid to introduce a 50p top tax of income tax at its manifesto launch in Bradford today.
Jeremy Corbyn's is promising to embark on a programme of eye-watering tax increases for the UK's professional classes.
Earners taking home more than £80,000 will see their income tax bill climb to 45p under the plans.
In addition, a 50p tax rate will be introduced for workers earning above £123,000.
Corbyn is launching the manifesto this morning, with the Conservatives due to follow suit later this week.
The manifesto is expected to lay out a total of £50bn in tax raising measures, with much of that coming from plans for an aggressive increase in corporation taxes.
Jeremy Corbyn (@jeremycorbyn) May 16, 2017