British Prime Minister Truss said the plan to abolish Britain’s controversial top income tax rate was the decision of Chancellor Kwarteng, and said his government would stick to the policy despite market turmoil.
Mr Truss’ stance will further fuel dissatisfaction among Conservative MPs about Mr Truss’ leadership and the economic policies he and Mr Quarteng are pursuing as the ruling Conservative Party’s annual convention opens in Birmingham on Wednesday. That’s it.
Former minister Michael Gove has made it clear that he will not support the bill when it is finally presented to parliament, saying it will benefit Britain’s highest income earners. Like Gove, many other Conservative MPs have criticized such plans as being exploited by Labor. Labor now has a wide lead over the Conservatives in polls.
Majority of Britons want Truss to resign, YouGov poll says
However, Prime Minister Truss has expressed his intention to stick to the plan.
news-rsf-original-reference paywall">Original title:
news-rsf-original-reference paywall">Truss Says It Was Kwarteng Who Decided to Cut UK’s Top Tax Rate(excerpt)