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Evening Standard
Evening Standard
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Jon Weeks and Rachelle Abbott

The Leader podcast: Can Liz Truss recover from humiliating tax U-turn?

Liz Truss Kwasi Kwarteng

Prime Minister Liz Truss and Chancellor Kwasi Kwarteng have abandoned a plan to abolish the top rate of income tax for the highest earners in an astonishing U-turn (Stefan Rousseau/PA)

(Picture: PA Wire)

Chancellor Kwasi Kwarteng has defended his rapid tax cut U-turn on the first main day of the Conservative Conference, saying he was influenced to scrap the policy after listening to MPs and people up and down the country.

He announced the government would drop plans to ditch the planned axing of the 45p top rate of income tax, just a day after Prime Minister Liz Truss insisted she was absolutely committed to seeing the policy through.

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