Are we heading for a U-turn on the U-turn over the scrapping of the 45p tax rate? Liz Truss has said she would still like the top rate on high earners to come down, despite reversing on the policy just yesterday. Members of her cabinet agree she should bring it back: Suella Braverman has blasted Tory MPs for forcing the PM to ditch the tax cut. The Home Secretary said:
‘I’m very disappointed that members of our own parliamentary party staged a coup effectively and undermined the authority of the Prime Minister.’
Could the 45p tax cut really make a comeback?
Levelling-up secretary Simon Clarke endorsed Braverman’s comments on Twitter, commenting that ‘Suella speaks a lot of good sense, as usual.’
So could the 45p tax cut really make a comeback? Truss insisted it’s not currently on the agenda, but she didn’t rule out returning to the issue. Speaking to the BBC, the PM said she ‘would like to see the higher rate lower’ in a bid to make the UK ‘a competitive country.
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