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Kwasi Kwarteng U-turns on plans to scrap 45p tax rate [View all]
Source: BBC
Kwasi Kwarteng U-turns on plans to scrap 45p tax rate
By Nick Eardley
BBC political correspondent
3 October 2022
Plans to scrap the 45p rate of income tax have been reversed, Chancellor Kwasi Kwarteng has confirmed.
He said the proposals, announced just 10 days ago in the government's mini-budget, had "become a distraction".
"We get it, and we have listened," Mr Kwarteng said in a statement.
The U-turn, which marks a humiliating climbdown for Prime Minister Liz Truss, comes after several Tory MPs voiced their opposition to the plan.
Ex-cabinet minister Grant Shapps had warned the prime minister would lose a Commons vote on the proposal.
-snip-
Read more: https://www.bbc.com/news/uk-63114279
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