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p plans to cut the top rate tax to a0 p and will no longer go ahead with the plan. i have been speaking to people in government and nobody is actually officially commenting on this but that is my expectation, that we are about to see a colossal government u—turn. it was only this time yesterday that the prime minister was on bbc one with laura kuenssberg saying, she absolutely stood by the decision to cut the top rate of tax. there are two things, the level of opposition within the conservative party has been so great that quite frankly, liz truss was facing the prospect of losing the vote on this in parliament. and secondly, i think a political narrative had set in, that by cutting the top rate of tax for people earning over £150,000 and at the same time potentially not putting benefits up at the same rate of inflation which means a real terms cut, the conservatives were

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