As you know, George Osborne is scrapping the 50% top rateof tax, and replacing it with a 45% rate, because he was informed by Her Majesty's Revenue and Customs that there was massive avoidanceof the new top rate, such that the yield from the higher rate was trivial.
It had already committed itself to cutting 4 pence off the basic rateof income tax to be paid for by taxing the rich and clamping down on avoidance scams.