The first rule of U-turns, as a veteran former cabinet minister told me last week, is to do them quickly.
Liz Truss and Kwasi Kwarteng decided late last night to cut their losses, both saying this morning that the policy of abolishing the 45p rate for those earning more than £150,000 had become aDoing so in the glare of the spotlight at their party conference, on the day of the chancellor's keynote speech and meetings with business leaders, couldn't be a more high-profile backdrop, but confidence in the measure had been sapped.
As a senior minister who had supported the policy told me, it was a minor measure, worth around £2bn a year, which was not worth the criticism. It was crowding out the big-ticket items Truss has announced, including the £150bn two-year freeze in energy bills and the reversal of the National Insurance rise, which benefits ordinary families.'Was it your idea to cut top tax rate?'
Another minister in Truss's government told me bluntly yesterday,"45p isn't going to happen, we don't have the numbers". Truss's allies hope she's stemmed the damage and that votes on that National Insurance policy next week - in which many Tories who voted for the rise a year ago will be trooped through the lobbies to vote to axe it - will be a point of unity and a chance to reset after this debacle. After all, the next election is a long way off.
I hear trussliz has declined the offer of chairing the Women in Politics conference
Tories being completely incompetent? I'm shocked!
Most Danish people speak English more idiomatically than Liz Truss does.
WOW, SHE HAS JUST lost the NEXT COMING ELECTION.THE INCOMING LABOUR COMMIES will KILL US OFF. A LAND FOR the STAY at HOMES and BENEFIT FREAKS ,all waiting FOR A 4 DAY WEEK WOW ........you LUCKY PEOPLE, you will all BLEED TO DEATH.........
So the friends with benefits package proposed by Britain's kinda cute female Trump has failed ... HearHear! PM | LizTruss | PU | WhatWereYouThinking
She’s as incompetent and untrustworthy as her predecessor, if not, more so. She should resign or call a GE immediately.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.