You Have To Laugh

3rd October 2022

You can't help but laugh.

The government has U-turned on plans to scrap the 45p rate of income tax for higher earners.

Chancellor Kwasi Kwarteng told the BBC the proposals, announced just 10 days ago, had become "a massive distraction on what was a strong package".

Asked whether he owed people an apology, he said: "We've listened to people. And yeah, there is humility and contrition in that. And I'm happy to own it."

[b]Kwasi Kwarteng U-turns on plans to scrap 45p tax rate[/]