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Daily Record
Daily Record
Politics
Dan Bloom & Ryan Carroll

Liz Truss scraps controversial 45p tax cut for rich in U-turn after Tory revolt

Liz Truss Kwasi Kwarteng Income Tax

Liz Truss has scrapped the controversial tax cut for the rich this morning in a huge U-turn after a Tory revolt.

The humiliated Prime Minister dropped her plans to axe the 45p top Income Tax rate just a day after saying she was "absolutely committed" to it on national TV.

One ex-Cabinet minister branded the PM a "dead woman walking" who would be gone by Christmas as reports emerged of the U-turn in the small hours, while multiple government sources refused to comment.

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