Truss to Reportedly Delay Vote on Scrapping 45% Top Rate of Income Tax Amid Brewing Tory Rebellion

When UK Chancellor Kwasi Kwarteng unveiled the government’s Growth Plan on 23 September, it proposed radical unfunded tax cuts. It also included abolishing the 45% top rate of income tax. However, the plan has faced growing backlash from Conservative MPs after market turmoil and a big slide in the polls for the Tories.