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.
"Are you absolutely committed to abolishing the 45p tax rate for the wealthiest people in the country?" "Yes." Only yesterday. pic.twitter.com/P2o08WxVu5
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.
“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?”
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?
Huge new premium indoor golf venue with ‘cutting-edge’ tech to open at Quayside MediaCity
Emily Sergeant
Time to get practicing your swing, as a huge new premium indoor golf venue is opening up over in Salford this autumn.
Founded by a local PGA Professional and spanning a whopping 4,500 sq ft of state-of-the-art space, TeeClub is set to be a revolutionary new venture where cutting-edge technology meets luxurious comfort at the unique waterside destination.
TeeClub will provide a first-of-its-kind premium environment with seven high-tech Trackman simulators, taking players to more than 450 world-famous courses including St. Andrews, Pebble Beach, and more.
The new venue is also launching a partnership with sports equipment brand TaylorMade, so golf fans can either bring their own clubs to use on the day, or make use of TaylorMade equipment available if needed.
Resident PGA professionals will offer personalised lessons with AI-driven video analysis when the venue opens later this year, while a dedicated club fitter will make sure every swing is matched with the right equipment.
There’ll also be a club shop stocking TaylorMade gear alongside apparel from Manchester-based brand, Concrete Links Co.
The new venue is designed for both individuals and businesses alike, and will offer exclusive memberships and corporate packages, as well as semi-private bays and interactive gaming modes, making it an ideal place for team-building events or relaxed evenings with friends.
A huge new premium indoor golf venue with ‘cutting-edge’ tech is opening at Quayside MediaCity / Credit: Supplied
There’ll also be bar on site serving coffee, pizzas, snacks, wine, and craft beers.
“Our vision for TeeClub is to create an indoor golf experience that combines the authenticity of the sport with modern luxury,” commented Nick Holmes, who is a PGA Professional and the Director of Golf at TeeClub, ahead of the venue opening this autumn.
“Whether you’re a beginner looking to learn, a corporate group hosting an event, or an experienced golfer, TeeClub will provide the tools, technology, and atmosphere.”
TeeClub is set to open at Quayside this autumn, but an official launch date is yet to be confirmed, so keep your eyes peeled.
Featured Image – Supplied
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Florence + The Machine announce massive Manchester gig on new tour
Daisy Jackson
Florence + The Machine are heading back out on a huge arena tour, with a massive gig here in Manchester.
Florence Welch has announced the UK and European tour dates in support of her sixth studio album, Everybody Scream.
As well as a show at the Co-op Live in Manchester, Florence + The Machine will perform in Sheffield, London and Liverpool, along with several other UK cities.
She’ll be joined by Paris Paloma as support across all 18 dates.
Last week, Florence released the album’s title track, ahead of the album’s release on 31 October. She’s worked for two years on this new music, calling on collaborators including Mark Bowen of IDLES, Aaron Dessner and Mitski.
She has said that this new album explores womanhood, partnership, aging and dying, inspired by her recovery from lifesaving surgery on the Dance Fever Tour.
Big hits of Florence + The Machine’s discography include You’ve Got The Love, Shake It Out, and Spectrum (Say My Name), and she’s collaborated with the likes of Taylor Swift, The Rolling Stones, and Lady Gaga.
She’s famed for her high-energy, ethereal stage presence which has seen her sell out arenas for years.
Florence + The Machine will be back in Manchester in February 2026, performing at the Co-op Live on 20 February.
Tickets go on sale on Friday 5 September 2025 at 10am HERE.
There are also packages available with Seat Unique HERE.