Kwarteng Tries to Explain HUGE U-Turn on Tax Cuts for Rich

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‘Kwasi Kwarteng Tries to Explain U-Turn on Tax Cuts for Rich’

The British government has U-turned on plans to scrap the 45p rate of income tax for high earners, after Tory MPs including Michael Gove criticised the plan

Chancellor Kwasi Kwarteng said the plan had become “a massive distraction”.

The decision marks a humiliating climbdown for Liz Truss, who has recently become Prime Minister.

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