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Liz Truss tries to restore fiscal credibility with tax cut U-turn

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Liz Truss tries to restore fiscal credibility with tax cut U-turn

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Good evening,

“The babiest of baby steps” in restoring the UK’s fiscal credibility was how one strategist described this morning’s U-turn from the UK government on scrapping the top rate of income tax.

The move, announced by chancellor Kwasi Kwarteng (just ahead of his big speech…

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