UK PM Truss says cabinet was not informed of plans to scrap top rate of tax - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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British Prime Minister Liz Truss said on Sunday her cabinet of top ministers was not informed in advance that the government planned to abolish the top rate of tax, adding it was a decision taken by finance minister Kwasi Kwarteng.

The government sparked turmoil in financial markets last month after Kwarteng delivered a plan to cut taxes, mainly benefitting the wealthiest, without detailing the impact on the public finances or how ministers would reform the economy to spur growth.

Asked whether all her cabinet was told of the move, Truss told the BBC: “No, no we didn’t. It was a decision that the chancellor made.” According to the Sunday Times, Kwarteng attended a champagne reception with hedge fund managers at the home of a Conservative donor on the same day he delivered his mini-budget.

 

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Just bullshit, Truss the job is not for you.

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