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The Independent UK

National

Jon Stone

Timeline: How Liz Truss and Kwasi Kwarteng’s 45p tax policy spectacularly fell apart

Liz Truss Kwasi Kwarteng Sky News

REUTERS

Kwasi Kwarteng and Liz Truss have said they will U-turn on a £2 billion plan to cut taxes for Britain's highest earners.

The abolition of the 45p top rate of tax was confirmed on Monday morning – it was arguably the most controversial part of the government's mini budget.

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