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The government has announced it is reversing its decision to cut taxes for the country's highest earners.
The chancellor, Kwasi Kwarteng, has announced a major government U-turn by abandoning plans to abolish the top rate of income tax for the highest earners.
The chancellor, Kwasi Kwarteng, has announced a major government U-turn by abandoning plans to abolish the top rate of income tax for the highest earners. Just yesterday the prime minister, Liz Truss, insisted she would not ditch the policy. But, as the conservative party conference takes place in Birmingham, several Tory MPs voiced their opposition to the plan - which was announced just 10 days ago in the mini-budget.
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