richard walker. former cabinet minister andrea leadsom. and the bbc s deputy political editor, vicki young. the chancellors day began like this. this 45p rate was simply a distraction in our mission to achieve higher growth. a u turn on the scrapping the 45p top rate of tax a policy he d announced in his mini budgetjust 10 days ago. now, in a little under 15 minnutes he ll be addressing the party faithful to persuade them that he is the man to be trusted with the economy through turbulent times. welcome to politics live in birmingham. andrea led some, after the market turmoil following the mini budget on the 23rd of september by kwasi kwarteng, and then the dramatic u turn overnight and this morning, on a central plank of that budget, and the economic perspectives of the government, how damaged is kwasi kwarteng s authority? i damaged is kwasi kwarteng s authori ? ~ ., , authority? i think it was really important authority? i think it was really important that author
many, many people are paying at the moment, up to 6%, that is hundreds of pounds, almost £700 extra per month, because of what the chancellor did in his statement. and the increase in borrowing costs haven t gone away, even with that u turn today. so, the damage is being felt by ordinary working people. it s a crisis made in downing street, but it is ordinary, working people that are paying the price for this. working people that are paying the price for thia price for this. rachel reeves, labour supports price for this. rachel reeves, labour supports much, - price for this. rachel reeves, labour supports much, in - price for this. rachel reeves, j labour supports much, in fact price for this. rachel reeves, - labour supports much, in fact the bulk of, you could argue, of the tax cutting measures. now, it is true, you didn t want to see the cut in the 45p tax rate. it is now going to go back. you wanted to use the money from that to fund nurses and school business elite breakfast c