Liz Truss 'May Cave In’ to Rebel MPs’ Demands & U-Turn on Real-Terms Benefits Cuts

After a growing Conservative revolt, the UK government U-turned on October 3 on plans to scrap the 45 percent rate of income tax for higher earners, announced as part of a package of tax cuts by the UK Chancellor. At the time, Kwasi Kwarteng said the proposals had become "a massive distraction on what was a strong package".