Liz Truss refuses to rule out scrapping 45% tax rate for top earners in future | ITV News
Liz Truss has refused to rule out reviving her controversial plan to cut tax for the highest earners in the future. On Monday, Chancellor Kwasi Kwarteng admitted their desire to borrow billions to axe the 45% rate on earnings over £150,000 had become a “terrible distraction” in an astonishing U-turn. It came as MPs have called for benefits to be raised in line with inflation to support families against rising costs, but Ms Truss has insisted that is a decision “for later.” But on the chances of one day scrapping the 45% rate, the prime minister told ITV News's Political Editor Robert Peston she supports a “lower, simpler tax system.” • Subscribe to ITV News on YouTube: http://bit.ly/2lOHmNj • Get breaking news and more stories at http://www.itv.com/news Follow ITV News on Facebook: https://www.facebook.com/itvnews/ Follow ITV News on Twitter: https://twitter.com/itvnews Follow ITV News on Instagram: https://www.instagram.com/itvnews/
