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    Kwarteng abandons 45p tax rate cut after Tory revolt and markets turmoil

    Sign up to the Inside Politics email for your free daily briefing on the biggest stories in UK politics Get our free Inside Politics email Kwasi Kwarteng has abandoned his plan to axe the 45p tax rate for top-earners after a Tory revolt, in a humiliating U-turn at the Conservative conference. Just 24 hours after […] More

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    Tories have made UK ‘laughing stock’, says donor defecting to Labour

    Sign up to the Inside Politics email for your free daily briefing on the biggest stories in UK politics Get our free Inside Politics email A top Conservative party donor has announced his defection to Labour with a £100,000 donation to Sir Keir Starmer’s party. Gareth Quarry accused Liz Truss and her Kwasi Kwarteng of […] More

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    Treasury chief secretary barred from housing decisions because of property firm

    Sign up to the Inside Politics email for your free daily briefing on the biggest stories in UK politics Get our free Inside Politics email The Treasury chief secretary has been barred from involvement in planning and housing decisions because of his lucrative property interests, he has revealed. Chris Philp has retained a substantial stake […] More

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    UK scraps tax cut for wealthy that sparked market turmoil

    Sign up to the Inside Politics email for your free daily briefing on the biggest stories in UK politics Get our free Inside Politics email The British government on Monday dropped plans to cut income tax for top earners, part of a package of unfunded cuts unveiled only days ago that sparked turmoil on financial […] More

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    Kwarteng confirms further cuts of up to £18bn for public services

    Sign up to the Inside Politics email for your free daily briefing on the biggest stories in UK politics Get our free Inside Politics email Creaking public services must find further real-terms cuts of up to £18bn a year, Kwasi Kwarteng has confirmed – just minutes after his humiliating U-turn on the 45p tax rate. […] More