Truss’ tax cut U-turn: From a rabbit out of a hat to a 'distraction' | Political experts analysis
Telegraph, 04 Oct 2022
Kwasi Kwarteng dismissed the "little turbulence" in the wake of his mini-Budget after this morning's about-turn on the 45p rate of income tax.
Mr Kwarteng said he had "listened" as he scrapped plans to abolish the rate, which were first unveiled during last month's fiscal event.
In today's major keynote speech at the Conservative Party conference, he told members: "I know the plan put forward only 10 days ago has caused a little turbulence. I get it. I get it.
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Mr Kwarteng said he had "listened" as he scrapped plans to abolish the rate, which were first unveiled during last month's fiscal event.
In today's major keynote speech at the Conservative Party conference, he told members: "I know the plan put forward only 10 days ago has caused a little turbulence. I get it. I get it.
Subscribe to The Telegraph with our special offer: just £1 for 3 months. Start your free trial now:
https://www.telegraph.co.uk/customer/subscribe/digitalsub/3for1/?WT.mc_id=tmgoff_pvid_conversion-subscription_editorial-iniative_03-22_EGW-13_organic_youtube
Get the latest headlines: https://www.telegraph.co.uk/
Telegraph.co.uk and YouTube.com/TelegraphTV are websites of The Telegraph, the UK's best-selling quality daily newspaper providing news and analysis on UK and world events, business, sport, lifestyle and culture.
