Tory Party conference latest LIVE: Government makes humiliating U-turn on 45p top tax rate cut

Contributing sentiments towards policy:

63% : Chancellor Kwasi Kwarteng performed an extraordinary U-turn on Monday by ditching the planned axing of the 45 top rate of income tax.
54% : Kwasi Kwarteng is expected to deliver a statement at around 7.30am, reversing plans to abolish the 45p top rate of income tax.
53% :08:17 , Lydia Chantler-HicksChancellor Kwasi Kwarteng has said he takes responsibility for the contents of his mini-budget, which was unveiled 10 days ago and included plans to axe the higher rate of income tax.
51% : What I am looking at is the growth plan and delivering what is a radical plan to drive growth in this country, to reduce taxes, to put more money that people earn in their pockets."
51% :Speaking to BBC Radio 4's Today programme amid speculation the Government will U-turn on the proposal to cut the top rate of tax, Mr Shapps said: "I sensed that things were moving very rapidly last night.
47% : Today is Monday, October 3 and we are covering the fallout from the Chancellor's mini-budget as rebellion grows among Tory MPs over the planned cuts to the higher rate of income tax.
45% : He later added: "The conversation about the 45p rate was this terrible distraction really from what was a very, very strong plan and I'm very pleased that we've decided not to proceed with that because it was drowning out the elements of an excellent plan."Mr Kwarteng defended the delay on the reversal, saying: "We can always have a debate about when we could've made the decision but the important thing is we've made the decision and we can now move forward with making the push for the growth plan."07:51 , Lydia Chantler-HicksConservative former Cabinet minister Grant Shapps said he was "pleased" to see the Chancellor acknowledge abolishing the 45p top rate of tax was the "wrong move".
42% : Kwasi Kwarteng suggested he told Liz Truss they needed to U-turn on the abolition of the top rate of income tax for the highest earners.
41% : The Chancellor has announced an abrupt U-turn on his plan to scrap the higher rate of income tax, following widespread backlash including from former Tory ministers.
39% : "The presentation was very poor, it's the right direction of travel however, and generally cutting taxes when you're facing an economic downturn if not a recession seems to me to be a pretty obvious thing to do rather than to raise taxes.
32% :07:58 , Lydia Chantler-HicksLib Dem leader Ed Davey has branded the Government's abrupt U-turn over income tax cuts "humiliating" - adding it is "too late" for mortgage owners who have suffered during the recent economic turmoil.

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