BREAKING: Truss to U-turn on 45p tax rate cut
Sky News' Political Editor Beth Rigby says that the government will not proceed on the plan to scrap the 45p tax rate, in a "massive U-turn". Chancellor Kwasi Kwarteng said in a statement: "From supporting British business to lowering the tax burden for the lowest paid, our Growth Plan sets out a new approach to build a more prosperous economy. For the latest developments here: https://bit.ly/3SKOmHW #government #liztruss #uturn #tax #budget SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews For more content go to http://news.sky.com and download our apps: Apple: https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí https://www.youtube.com/channel/skynewsespanol Sky News videos are also available in German here/Hier können Sie außerdem Sky News-Videos auf Deutsch finden: https://www.youtube.com/channel/UCHYg31l2xrF-Bj859nsOfnA To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales
