Published 2 years ago

Liz Truss says she has 'absolutely no shame' in performing tax cut U-turn

Summary by Ground News

Britain's Prime Minister Liz Truss insists she feels "no shame" and vows to press on with unpopular economic reforms. Truss and Chancellor of the Exchequer Kwasi Kwarteng forced to climb down on their plan to cut income tax for the richest. The plan met with uproar from Tory critics, deep disapproval in opinion polls, and destabilised financial markets.

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The Independent

Liz Truss says there is ‘no shame’ in reversing planned 45p tax cut

Liz Truss has said there is “no shame” in the government’s U-turn on the scrapping of the controversial 45 per cent income tax rate. The binning of the highest rate of tax was announced in Kwasi Kwarteng’s mini-Budget, which sent the pound plummeting in value as the market was sent into turmoil. Mr Kwarteng announced the tax cut for the wealthiest was being reversed on Monday, 3 October. “Frankly, the 45p wasn’t a priority policy ... There’s …

2 years ago·London, United Kingdom

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Daily Mirror

Truss hints she could bring back her tax cut for rich - despite Budget U-turn

The Prime Minister said she 'would like to see' the 45p top rate of Income Tax lower - and said only that she wasn't contemplating a future change 'now'

2 years ago·London, United Kingdom

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Sky News UK

Liz Truss says she has 'absolutely no shame' in performing tax cut U-turn

Ms Truss is facing a fresh battle with Conservative MPs over a potential benefits squeeze and cuts to public spending, having already being forced into making a policy U-turn on her tax cuts.

2 years ago·United Kingdom

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Stv

Liz Truss says she has 'absolutely no shame' over tax U-turn

The Government dropped its plan to abolish the 45p tax rate for higher earners.

2 years ago

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Barron's

UK's Truss Says 'No Shame' In Climbdown Amid Tory Tensions

Britain's Prime Minister Liz Truss insisted Tuesday she felt "no shame" and vowed to press on with unpopular economic reforms despite lurching into a self-inflicted crisis just a month into her term.

2 years ago·New York, United States

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Times of Malta

UK Prime Minister Truss says 'no shame' in tax climbdown amid Tory tensions

&nbsp;Britain's Prime Minister Liz Truss insisted Tuesday she felt "no shame" and vowed to press on with unpopular economic reforms despite lurching into a self

2 years ago

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