Revealed: the budget bonanza for UK’s best-paid bosses from Tory tax cut

Denise Coates, head of Bet365, could save millions thanks to the abolition of the 45p top rate of tax. Photograph: Felix Clay

The abolition of the 45p top rate of tax will deliver millions of pounds in savings for Britain’s best-paid bosses, including those in charge of energy firms benefiting from high domestic gas and electricity prices, Observer analysis shows.

Likely beneficiaries range from Britain’s best-paid woman, Bet365 chief executive Denise Coates, who could save £20m, to the boss of pharmaceuticals giant AstraZeneca.