Plan to ditch 45p tax rate was distraction – Chancelloron October 3, 2022 at 6:45 am

Chancellor Kwasi Kwarteng is expected to make a statement reversing the proposed scrapping of the 45p rate of income tax in the next hour, 10 days after he announced it in the government’s mini-budget.

The U-turn comes after several Conservative MPs voiced their opposition to the removal of the top tax rate.

BBC political correspondent Nick Eardley said government sources would not comment.

Former cabinet minister Grant Shapps had warned Liz Truss was likely to lose a Commons vote on the plan.