India  

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

Sky News Monday, 3 October 2022
Prime Minister Liz Truss is to ditch plans to abolish the 45p rate of tax for higher earners, Sky News understands.
0
shares
ShareTweetSavePostSend
 
Video Credit: ODN - Published
News video: Truss and Kwarteng visit construction site amid tax tensions

Truss and Kwarteng visit construction site amid tax tensions 02:27

The prime minister and her chancellor visit the Birmingham Health Innovation Centre construction site in Selly Oak on the eve of Liz Truss' first party conference speech as Conservative leader. The visit comes days after the government made a startling U-turn on plans to cut the 45p tax rate. Report...

💡 newsR Knowledge: Other News Mentions

Liz Truss Liz Truss Prime Minister of the United Kingdom in 2022

Senior Tory joins growing rebellion trying to force PM into U-turn over onshore wind ban

Rishi Sunak looks set for another battle with his own MPs as a growing number of rebels join Boris Johnson and Liz Truss in trying to force him to drop a ban on..
Sky News

Truss mini-budget did not cause long-term damage, Hunt asserts

Jeremy Hunt has said he regrets the turbulence caused by Liz Truss's mini-budget but he does not believe it inflicted long-term economic damage.
Sky News
Labour: Tory backbenchers are the ‘anti-growth coalition’ [Video]

Labour: Tory backbenchers are the ‘anti-growth coalition’

Labour shadow minister Pat McFadden says that former prime minister Liz Truss was “unwittingly” referring to Conservative backbenchers when she spoke of an “anti-growth coalition”. The government is facing opposition from Tory MPs over house building targets in its flagship Levelling Up and Regeneration Bill. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:44Published

UK economy 'made worse by Brexit and Truss own-goals'

Brexit, slashing investment and Liz Truss's mini-budget are among the "own goals" that have led to the UK's dire financial straits, according to a top economist.
Sky News
Labour: UK economic situation is a ‘very British crisis’ [Video]

Labour: UK economic situation is a ‘very British crisis’

Labour's Pat McFadden says that today's Autumn Statement is "testament to the government's economic failure", following Liz Truss and Kwasi Kwarteng's mini-budget at the end of September. The Shadow Chief Secretary to The Treasury says Chancellor Jeremy Hunt is trying to "blame global factors as much as possible for the announcements he's made today." Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 01:09Published

Truss Truss Rigid structure that consists of two-force members only

Grim faces as cabinet leaves crisis meeting with Truss [Video]

Grim faces as cabinet leaves crisis meeting with Truss

Members of Liz Truss’s government say they still back her, despite sporting grim faces as they leave Downing Street. Report by Burnsla. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 01:51Published
A matter of Truss: 'The time might be over already for her time in office' [Video]

A matter of Truss: 'The time might be over already for her time in office'

Credit: FRANCE 24 English    Duration: 05:49Published
Sturgeon calls for a general election [Video]

Sturgeon calls for a general election

Nicola Sturgeon has said Tory backbenchers should 'call time' on Liz Truss and the UK Government. The First Minister of Scotland also slammed Truss for crashing the economy and called for general election. Report by Browna. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:52Published
Tory MP: We’re British, we don’t throw ladies under the bus [Video]

Tory MP: We’re British, we don’t throw ladies under the bus

Conservative MP Daniel Kawczynski said he is “not sure” why the media “are always trying to attack the prime minister” as he made his way to Parliament on Thursday. He added that most Conservative MPs are supportive of Truss, saying “we’re British, we do not throw ladies like that under a bus at the first whiff of difficulty”. Report by Lewisl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 01:07Published

Sky News British and international television news channel

Glazers 'taken the money out' of Manchester United, says club's former director

The owners of Manchester United have "taken the money" out of the club rather than investing in Old Trafford, a former director has told Sky News.
Sky News

England and Wales should have carried out armband protests at World Cup, says ex-FA chairman

England and Wales should have carried out their plan for captains to wear rainbow armbands in a protest during the Qatar World Cup, ex-FA chairman Greg Dyke has..
Sky News

Inflation-busting pay rises for public sector workers 'unaffordable', says minister

Inflation-busting pay rises are "unaffordable", cabinet minister Mark Harper has told Sky News in the face of strikes in the public sector.
Sky News

'They said they had no space': Family says boy, 5, died after he was sent home from hospital

The grieving family of a five-year-old boy who died after being sent home from hospital have told Sky News he would still be alive if they had been listened to.
Sky News

Putin trying to 'starve Ukrainians into giving up war but will fail'

Vladimir Putin is trying to freeze and starve Ukraine's people into giving up this winter by attacking power and water supplies but he will fail, the foreign..
Sky News

You Might Like


Related videos from verified sources

UK government U-turns on proposed tax cut for high earners [Video]

UK government U-turns on proposed tax cut for high earners

The UK government has U-turned on its plan to scrap the highest rate of income tax. It was forced to backtrack amid a rebellion within the party and turmoil in financial markets. Prime Minister Liz..

Credit: Rumble     Duration: 04:11Published
Chancellor forced to U-turn on tax cut after market chaos [Video]

Chancellor forced to U-turn on tax cut after market chaos

Chancellor Kwasi Kwarteng has made an abrupt U-turn on his plans to scrap the top rate of income tax for the highest earners. In his mini-budget two weeks ago, he announced that anyone earning over..

Credit: ODN     Duration: 02:06Published
UK Prime Minister Scraps Plans Massive Tax Cuts Geared Towards the Wealthy [Video]

UK Prime Minister Scraps Plans Massive Tax Cuts Geared Towards the Wealthy

UK Prime Minister Scraps , Plans Massive Tax Cuts , Geared Towards the Wealthy. UK Prime Minister Scraps , Plans Massive Tax Cuts , Geared Towards the Wealthy. UK Prime Minister Liz Truss announced..

Credit: Wibbitz Top Stories     Duration: 01:30Published