Business

Truss to ditch plans to abolish 45p rate of tax for higher earners

October 03, 2022

Prime Minister Liz Truss is to ditch plans to abolish the 45p rate of tax for higher earners, Sky News understands.

In a huge reversal on the controversial policy announced in the mini-budget earlier this month, the government is set to make the announcement soon.

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« Cost of living: Price of groceries could go up by £1.7bn as carbon dioxide price surges Truss and Kwarteng ditch plan for tax cut for highest earners »
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