The decision, which marks a humiliating climbdown for Prime Minister Truss, comes after several Conservative MPs criticised the government s plan announced just 10 days ago.
UK PM Liz Truss presided over the first cabinet meeting, announcing one of the UK’s most diverse council of ministers that includes ethnic minority members of Parliament. Her rival in the prime ministerial race, Rishi Sunak, missed the post in the cabinet.
The newly elected Prime Minister has pledged to cut down taxes and tackle a cost-of-living crisis fuelled by soaring energy bills linked to the war in Ukraine.