Sir Keir Starmer will resist pressure from within his own party to reverse Liz Truss’s 1p cut for basic-rate taxpayers because of fears it could deal a fatal blow to Labour’s chances of victory at the coming election.
The Labour leader dramatically pledged to reinstate the 45p income tax rate for Britain’s wealthiest people, abolished by chancellor Kwasi Kwarteng in his mini-Budget on Friday in what Sir Keir described as a “wrong-headed” Tory policy to “allow the rich to get richer”.
