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iran s supreme leader accuses the united states of orchestrating widespread public protests over the death of a young woman in police custody. we re going to start here in the uk and politics. the row over giving a tax cut to some of the richest people in the country. to some of the richest for ten days the conservative government said it was the right thing to do. now they say they re not going to do it. here s the chancellor kwasi kwarteng saying that particular tax cut is not now going ahead. the 45p rate was simply a distraction from what was a very very strong set of measures and with the prime minister i decided not to proceed with the abolition of the rate. to be clear, what we re talking about is a huge u turn on one of the government s flagship economic policies, scrapping the top rate of income tax. let s take a closer look. currently, the highest earners pay 45% tax on their income over £150,000. some 660,000 people are thought to pay the highest tax rate. s ....
I now the plan put forward only ten days ago has caused a little turbulence. i get it. we are listening and have listened and now i want to focus on delivering the major part of our growth package. the opposition labour party has other words. this is the shadow chancellor. it showed what their instincts were. their instincts were to cut taxes for the wealthiest in society paid for by borrowing, which in the end, current and future taxpayers will have to pay for. some conservative mps who defended the original plan now defend not doing it. here s the chief secretary to the treasury. there was obviously a lot of complaints and i m sure you heard as well about the 45p. the prime minister listened to that. so i think it is fair to say this is a government that does listen and does respond when appropriate. but what we re not going to do is be diverted from our mission, which is to get the economy growing, which will benefit everyone in the form of higher wages, ....
Let s take a closer look. currently, the highest earners pay 45% tax on their income over £150,000. some 660,000 people are thought to pay the highest tax rate. so if that 45p tax rate had been cut for someone who earns around £200,000 each year, they d save around £3,000 a year. the government had said tax cuts make the uk more competitive and attractive to investors. critics call the plan unfair. among them is former cabinet minister michael gove. when you have additional billions of pounds in plate to have as your principal decision the headline of cutting tax for the wealthiest, that is a display of the wrong values. also critical is former transport secretary grant shapps. ....
I don t think it s a gamble at all. what was a gamble was sticking to the course we were on. we had taxes at the highest since the so that was september 23rd. a week later prime minister liz truss wrote in the sun newspaper. she said not everyone will like what the government was doing, but that she believed it was the right plan. that was friday. and on sunday she said this. are you committed to abolishing the 45p tax rate for the wealthiest people in the country? yes 45p tax rate for the wealthiest people in the country? yes and it is art of a people in the country? yes and it is part of a package people in the country? yes and it is part of a package of people in the country? yes and it is part of a package of making - people in the country? yes and it is part of a package of making our- part of a package of making our tax system part of a package of making our tax system simpler and lower. so in liz truss words, committed to abolishing the highest tax rate. but less than 2 ....