Kwasi Kwarteng and Liz Truss have U-turned on the tax cut for highest earners
The government’s U-turn on cutting tax rates for the highest earners – and its excuses for it – have been torn apart on social media.
Promising that “we listened to people”, chancellor Kwasi Kwarteng tweeted on Monday: “It is clear that the abolition of the 45p tax rate has become a distraction from our overriding mission to tackle the challenges facing our country.
“As a result, I’m announcing we are...