All the updated news related to the cut

All the news related to the cut updated in real time

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Liz Truss and Kwasi Kwarteng U-turn on scrapping 45p tax rate

Liz Truss and Kwasi Kwarteng have abandoned a plan to abolish the top rate of income tax for the highest earners in an astonishing U-turn. The Chancellor acknowledged that their desire to borrow billions to axe the 45% rate on earnings over £150,000 ...

03 Oct 2022 at 12:08

Chancellor expected to U-turn on scrapping 45p tax rate

Chancellor Kwasi Kwarteng is expected to make an astonishing U-turn over the abolition of the top rate of income tax for the highest earners. Mr Kwarteng is believed to be preparing to issue a statement on Monday, climbing down over the plan to axe ...

03 Oct 2022 at 08:29

Liz Truss battles to maintain Cabinet discipline amid U-turns and confusion

Liz Truss was struggling to maintain Cabinet discipline as Conservative critics who forced her U-turn on slashing income tax for the highest earners were accused of a “coup”. Amid bitter infighting at the Conservative Party conference, Chancellor ...

04 Oct 2022 at 18:37

Truss still wants to bring top rate of income tax down despite U-turn

Liz Truss has said she still wants the top rate of income tax for the highest earners to be lower just a day after being forced into a U-turn to stave off a Conservative revolt. The Prime Minister said she backed down on abolishing the 45% rate ...

04 Oct 2022 at 14:21

Liz Truss has confidence in Kwasi Kwarteng despite 45p tax rate U-turn

Liz Truss is standing by Chancellor Kwasi Kwarteng after they abandoned their plan to abolish the top rate of income tax for the highest earners in an astonishing U-turn. Downing Street said the Prime Minister continues to have confidence in ...

03 Oct 2022 at 16:46

Truss pledges ‘responsible’ approach to public finances as benefits battle looms

Liz Truss stressed she must take a “responsible” approach to the public finances, refusing to rule out real-terms cuts to benefits as she faces a Cabinet split and a fresh battle with Tory rebels. The Prime Minister is refusing to rule out ...

04 Oct 2022 at 12:26

Kwarteng acknowledges ‘tough’ day after U-turn over tax cut for rich

Kwasi Kwarteng urged Tories to “focus on the task in hand” as he battled to restore his authority as Chancellor after a dramatic U-turn over tax cuts for the rich. Just hours before his set piece speech at the Conservative Party ...

03 Oct 2022 at 18:12

Kwarteng shrugs off ‘little turbulence’ after U-turn over tax cut for rich

Kwasi Kwarteng has sought to shrug off the chaos that triggered his astonishing U-turn on income tax cuts for the highest earners as a “little turbulence” as he battled to regain authority. The Chancellor remarked it had been a ...

03 Oct 2022 at 22:01

Tories seek to shift focus from economy after U-turn humiliation

Conservatives will attempt to shift the focus away from the economy following the humiliation of two U-turns on income tax cuts for the highest earners and the date of a new fiscal plan. Keynote speeches at the Tory conference ...

04 Oct 2022 at 07:37

‘Hundreds’ of bus routes to be axed unless pandemic funding continues – mayors

Bus operators plan to axe hundreds of routes unless Government funding introduced to keep services running during the pandemic is continued, according to metro mayors. Four Labour mayors representing areas across northern ...

15 Aug 2022 at 13:34

Horse Racing

All eyes on Missed The Cut at Deauville

George Boughey will be looking to enhance the fine record of British handlers in the Prix Guillaume d’Ornano when his Missed The Cut lines up in the Deauville Group Two on Monday. The first prize has gone to a ...

14 Aug 2022 at 17:41

Local News

Efforts underway to restore electricity to homes and businesses in Fanad

Work is currently underway to restore power to 67 homes and businesses in the north west of the Fanad Peninsula. The electricity supply was lost shortly after 7.30am due to a fault. ESB Networks have a crew ...

14 Aug 2022 at 13:33

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