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  from the telegraph
  
  Treasury analysis shows that Labour's decision to raise the rate to 50p for those earning £150,000 a year or more has generated up to £2.4 billion a year.
  
  But officials found that 70 per cent of that money, around £1.65 billion, would be collected anyway if the top rate were 45p in the pound.
  
  Some are said to believe that when taxes are raised, higher earners are using tax avoidance ploys.
  from the telegraph.
  
  Evidence gathered by HM Revenue and Customs from personal tax returns over the next four months will reportedly be used to make the argument that the 50p tax rate is not working.
  Reports suggested the Government planned to announce the cut as early as March.
  
  A senior Government source told the Daily Mail: "There is Treasury work on this already. Seventy per cent of the gains come at 45p. You don't get much more for 50p. That will let us make the case for lower taxes.
  "The decision is not about whether to do it, it's about when to do it. One option is 2012, depending on the state of the economy, or 2013 at the latest."

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