Another U-Turn As Kwarteng To Bring Forward Debt-Cutting Plan To Calm Markets

After rowing back on scrapping the 45p tax rate, statement on squeezing public spending to be published this month, rather than November 23.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

HuffPostUK /  🏆 108. in UK

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tory conference: Liz Truss will lose 45p tax rate vote, says ShappsEx-cabinet minister accuses PM of not listening to public concern over tax cuts for the well-off.
Read more »

Liz Truss to delay approval vote on cutting 45p rate of tax, cabinet minister saysA cabinet minister has told Sky News Political Editor Beth Rigby that Liz Truss is to delay the vote on cutting the 45p rate of tax for higher earners.
Read more »

Newspaper headlines: Tories threaten rebellion as 45p vote 'delayed'Growing concerns within the Conservative Party over the PM's tax plans dominate Monday's papers.
Read more »

Truss to ditch plans to abolish 45p rate of tax for higher earnersSky's Political Editor, BethRigby provides further details on the government U-turn as Prime Minister Liz Truss will not proceed with the cut to the 45p top rate of tax. 📺 Sky 501, Virgin 602, Freeview 233 and YouTube
Read more »