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Liz Truss to delay approval vote on cutting 45p rate of tax, cabinet minister says | Politics News



Liz Truss will delay the vote on cutting the tax rate by 45p for higher earners, a cabinet minister told Sky News.

The policy was announced in the mini-budget last Friday but will have to go to a vote of MPs before it can be passed.

Earlier today, the party said any Tory MP who votes against the small budget will be whipped, which means they are suspended from the Tory party.

The vote is likely to take place in the spring, ahead of the budget.

Some Tory MPs have spoken out against the controversial plan to eliminate the 45p income tax on higher earners – this benefits the richest 1% and will ensure they have more tens of thousands of pounds in his bank account.

Tory Michael Gove previously said he disagreed with the policy and said the tax cut should first and foremost benefit those who need it most.

Former Transport Secretary Grant Shapps later said the government was likely to lose a vote on the policy and told the BBC that Ms Truss should not “hear” voters’ concerns about the crisis. cost of living crisis.

The 45p income tax cut is one that has caused turmoil in the markets over the past week, with the pound hitting a record low against the dollar.

“Liz Truss is avoiding a confrontation with backbenchers in the coming weeks and is effectively buying herself some time,” Rigby said.

However, sources close to the prime minister said: “There will be a vote on the finance bill next year, as planned, and no delay is expected.”

The news that Ms Truss would delay the vote came just hours before Prime Minister Kwasi Kwarteng is expected to tell members to weather the storm so the government can show its economic plan. Theirs is “correct, reliable and will grow”.

He is also expected to double down on the small budget, saying it is the way forward to spur growth.

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