Liz Truss Turns Around: All The Times Her Policies Were 'Misconstrued' - OLD

Liz Truss did her first middle finger U-turn as Prime Minister after the announcement that the government would not go ahead with its plan to abolish the top tax rate for the wealthy.

Chancellor Kwasi Kwarteng has confirmed the volte -face on October 3 following a backlash, the threat of a Tory backbench rebellion and a cantankerous opening day at the Conservative Party Conference in Birmingham.

In a A statement posted on his Twitter account, Mr Kwarteng said the policy was removed because it had become a 'distraction' from what he said was otherwise a growth plan that would build 'a more prosperous economy' .

Liz Truss and Kwasi Kwarteng announced that the proposed reduction would be dropped

"It is clear that the abolition of the 45p tax rate has become a distraction from our overriding mission to address the challenges facing our country,” Mr Kwarteng said. "Accordingly, I am announcing that we are not proceeding with the abolition of the 45 pence rate of tax."

The U-turn came after senior Tories Michael Gove, the former upgrade secretary and Grant Shapps, the former transportation secretary, expressed opposition to the plan.

Mr. Gove said more public borrowing to fund tax cuts was 'unconservative' while Mr Shapps said politics was 'politically coy' as millions of people grapple with the cost crisis of life.

A number of other Tory MPs reportedly opposed the private tax cut and planned to vote against the 'mini budget' in a Commons vote.

Political party fortunes change in April polls

(Press Association Images)< /figure>< p>Mrs. Truss is inspired by Margaret Thatcher, who once said "the lady is not made to turn".

But this isn't the first time the country's last prime minister has changed course on a major issue - below we look at some memorable examples.

“Documents” to meet the cost of living Wire)

During her successful campaign for the leadership of the Tories, Ms Truss said she would not give people “handouts to help them deal with soaring energy bills when she took office.

She said she would try to help families, but would focus on energy reductions. taxes, telling the Financial Times: "The way I would do things is in a conservative way to reduce the tax burden, not hand out handouts."

Critics pointing out that tax cuts would not help the poorest because many of the lowest income people already pay little tax.

Following this, Penny Mordaunt, l one of his most prominent supporters, went on television to say his remarks had been "misinterpreted".

Ms Mordaunt said the future Prime Minister was making an "observation general on the merits of allowing people to keep more of what they earn."< /p>

"She does not rule out any future help. In fact, part of her reason why she came up with an emergency budget is to really address some of these issues," Ms Mordaunt said.

Cutting wages outside London