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Kwasi Kwarteng U-turns on plan to axe 45p tax rate for higher earners
It follows 10 days of market turmoil after the Chancellor's mini Budget.
Kwasi Kwarteng has U-turned on plans to scrap the 45p rate of income tax for the UK’s highest earners.
The sudden change of heart comes just 10 days after the Chancellor unveiled his mini Budget, which has led to 10 days of market turmoil and fierce pressure from within the Conservative party.
Just yesterday, Prime Minister Liz Truss insisted that the tax cut, which would benefit Brits earning more than £150,000, would go ahead.
Mr Kwarteng said that the proposals had ‘become a distraction’ in a statement released this morning.
Given that his Growth Plan has been labelled a ‘Kami-Kwase Budget’, that would seem to be an understatement.
“We get it, and we have listened,” he wrote.
His statement says: “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.
“However, it is clear that the abolition of the 45p tax rate has become a distraction from our overriding mission to tackle the challenges facing our country.
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“As a result, I’m announcing we are not proceeding with the abolition of the 45p tax rate. We get it, and we have listened.
“This will allow us to focus on delivering the major parts of our growth package.
“First, our Energy Price Guarantee, which will support households and businesses with their energy bills.
Second, cutting taxes to put money back in the pockets of 30 million hard-working people and grow our economy.
“Third, driving supply side reforms – including accelerating major infrastructure projects – to get Britain moving.”
Mr Kwarteng’s U-turn on the 45p tax cut policy has been described as ‘humiliating’ and comes on the second day of the Tory party conference in Birmingham.
Former Transport Secretary Grant Schapps said: “Strongly welcome today’s 45p tax reversal. Sensible & pragmatic.
“Conservatives want lower tax, but let’s show our energy price cap + other policies are on side of consumers rather than borrowing to cut high earner taxes first.”
Piers Morgan said: “Tories to U-turn on 45p tax rate cut. Humongous humiliation for @trussliz @KwasiKwarteng and worse possible start to their conference. She’ll have to sack him, surely?”
Featured image: ParliamentTV
News
Two ‘quick-thinking’ GMP officers praised for saving baby’s life after suffering epileptic seizure
Emily Sergeant
Two ‘quick-thinking’ police officers have been praised for saving baby’s life after they suffering epileptic seizure.
After PCs Harry Moore and Alexandra Higginson were called to reports of a concern for welfare at an address in the Gorton area of Manchester, they managed to save the life of an eight-month-old baby who had suffered a seizure.
The two Greater Manchester Police (GMP) officers recounted the events as they unfolded.
“When we entered the street, the baby’s father was already running towards us with the baby in his arms,” explained PC Moore.
“The baby was unconscious at the time with a very irregular breathing pattern, so I immediately took the child from the father and started performing CPR. Whilst performing CPR, I had to give the recovery breaths into the baby’s nose because he had a locked jaw, which I now realise was because of the seizure.”
The ambulance came roughly five minutes after police arrived on the scene.
After paramedics arrived, they took the baby into the ambulance, where he then proceeded had another seizure, but not long after, he started crying loudly which meant he was back to breathing again.
“I told the father, who was just outside the ambulance at the time, and he was so relieved and gave me a hug,” PC Moore continued. “This is a moment I will never forget.”
PC Moore also praised his colleague PC Higginson, adding: “I can’t state enough how much of a team effort this job was. My colleague did an absolutely fantastic job of passing important information along as appropriate and we worked together as a team.
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“Alex travelled to hospital in the ambulance with the mother and baby and I followed separately. Alex constantly relayed vital information and got the details of all parties involved, which was really helpful.
“We hope the baby and family they are all doing well and that the baby is happy and recovering.”
Featured Image – GMP
News
Tragedy as two superbike riders die in ‘catastrophic accident’ at Cheshire event
Daisy Jackson
Two riders have tragically died in a ‘chain reaction’ accident at a superbike race in Cheshire.
Owen Jenner, 21, and Shane Richardson, 29, both died of their injuries following a crash involving 11 riders.
The ‘catastrophic accident’ occurred yesterday at the Quattro Group British Supersport Championship superbike race at Oulton Park in Cheshire.
The race was immediately stopped so that trackside medical services could attend to the 11 riders who had fallen.
Due to the ‘extreme severity’ of the incident, the rest of the Bennetts British Superbike Championship event was cancelled.
Two riders lost their lives and another has sustained significant injuries and remains in hospital.
Owen Jenner, 21 years old, was treated trackside and taken to the circuit medical centre , but died from a catastrophic head injury.
Meanwhile Shane Richardson was taken to Royal Stoke University Hospital with severe chest injuries, but died prior to arrival.
Another rider, 47-year-old Tom Tunstall, has also been transferred to hospital with significant back and abdominal injuries.
Five further riders were transferred to the circuit medical centre with minor injuries – the remaining involved riders were uninjured.
The Motorcycle Circuit Racing Control Board and MotorSport Vision Racing are investigating the full circumstances of the incident in conjunction with the Coroner and Cheshire Constabulary.
Cheshire Police said in a statement: “Police are investigating two deaths on behalf of the coroner following a multiple collision at Oulton Park this afternoon (Monday 5 May).
“Emergency services were called to the scene following the collision which resulted in two riders being fatally injured and another with serious injuries.
“Due to the severity of the incident and ongoing medical intervention, the remainder of the event was cancelled.
“The two riders who sadly died have been named as Owen Jenner (21) and Shane Richardson (29).”
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Featured image: British Superbikes
