Only one in 100 workers in the East Midlands would have benefited from Kwasi Kwarteng’s plans to cut the top rate of income tax.
The government has u-turned on its plans to abolish the 45 per cent rate of income tax for those earning over £150,000 a year.
It was a policy that proved unpopular with voters and financial markets alike, sending both the pound and the government’s approval ratings tumbling.
