Chancellor Kwasi Kwarteng has confirmed that the government is axing plans to give the wealthiest 1% a tax cut following a bitter backlash from Tory MPs. Mr Kwarteng said in a tweet that the measure had become a “distraction” from his objective to grow the economy.He said: “We get it, we have listened. The plan … Continue reading First U turn as 45p tax rate reinstated following huge backlash against Truss and Kwarteng