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Truss expected to abandon plan to abolish 45% top rate of income tax – live

Kwasi Kwarteng expected to announce a huge U-turn following strong criticism of his mini-budget

This is what Liz Truss said about the 45% top rate of income tax in her BBC interview with Laura Kuenssberg yesterday.

Kuenssberg asked: “Are you absolutely committed to abolishing the 45p tax rate for the wealthiest people in the country?”

Yes. And it is part, Laura, it is part of an overall package of making our tax system simpler and lower.

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