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Truss says it was Kwarteng who decided to cut UK's top tax rate

Bloomberg
Bloomberg • 5 min read
Truss says it was Kwarteng who decided to cut UK's top tax rate
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Liz Truss said the controversial decision to remove the highest rate of UK income tax was taken by Chancellor of the Exchequer Kwasi Kwarteng and that her government is sticking with it despite market chaos.

Her defiance – as the ruling Conservative Party’s annual conference begins in Birmingham on Sunday – will further fuel anger among Tory MPs about her leadership and the economic policy she and Kwarteng are pursuing.

Former Cabinet Minister Michael Gove made clear he would not support the move to benefit the highest earners in Britain when the question is eventually put to Parliament. His views echo the criticism of many other Tory MPs who say the plan plays directly into the hands of the Labour Party, currently leading opinion polls by a huge margin.

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