Liz Truss U-turn will send taxes to highest levels since 1950s

Contributing sentiments towards policy:

46% : Ms Truss and her former chancellor Mr Kwarteng had already U-turned on cuts to the planned future rate of corporation tax and a reduction in the top rate of tax for the highest earners - leaving little of the budget intact.
44% : As well as scrapping 60 per of the budget's planned tax cuts the chancellor also dumped a planned cut to the basic rate of income tax announced by Rishi Sunak.
43% :"These are tough choices being made by the new Chancellor, that will reduce the scale of public spending cuts set to be announced on 31st October - even more so if they lead markets to reduce the interest rates they charge government for borrowing.
33% : But researchers at the Resolution Foundation think-tank warned many of the toughest choices for public spending still lie ahead, with the government expected to make cuts to public spending to close a fiscal black-hole.
31% : "Jeremy Hunt will still have to make some scary decisions on tax and spend this Halloween.

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