Tax U-turn wins Truss some time but damage to credibility remains
by Pippa Crerar Political editor from Economics | The Guardian on (#64AD0)
PM said she was prepared to make unpopular decisions - but then buckled, so now she will be seen as both unpopular and wrong
So it turns out the lady was for turning, after all. Just hours after Liz Truss declared on national television that she would stand by her controversial plan to scrap the 45p top tax rate, she dumped it.
The decision came in crisis talks with her chancellor, Kwasi Kwarteng, late on Sunday night, after the prime minister spent the evening touring fringe events at the Tory party conference.
Continue reading...