'We get it': Chancellor scraps 45p tax rate cut

The Independent's Morning Headlines email

View online October 03, 2022 1 / Kwarteng abandons 45p tax rate cut after Tory revolt and markets turmoil Kwasi Kwarteng has abandoned his plan to axe the 45p tax rate for top-earners after a Tory revolt, in a humiliating U-turn at the Conservative conference.   Just 24 hours after Liz Truss insisted the cut – for Britain's richest people, earning more than £150,000 – would go ahead, the chancellor has backtracked under fierce pressure.   "We get it and we have listened," Mr Kwarteng said, calling the 45p rate cut "a distraction from our overriding mission to tackle the challenges facing the country". The U-turn comes after Conservative big-hitters Michael Gove and Grant Shapps spoke out against handing huge rewards to the rich while benefits are set to be cut in real terms. 2 / Jair Bolsonaro trails left-wing former president Lula in first round of Brazil election Lula and Bolsonaro will head to a run-off on 30 October 3 / Tory minister Steve Baker apologises to EU for his behaviour during Brexit Brexiteer shows contrition over 'ferocious' stance 4 / Sacheen Littlefeather, actor who rejected Brando's Oscar, dies Native American actor was booed by notable Hollywood stars at 1973 ceremony 5 / Police launch investigation after bodies of two men found in Berkshire park Mystery as Thames Valley Police try to establish a connection between the deaths The Big Question How did a football match upset win lead to violence and stampede in Indonesia? A fatal stampede in Indonesia after a football match has left at least 125 people dead in what is being described as one of the worst stadium disasters in the world, as questions emerge over how the incident happened. Fights over football are common in the country, where the sport is popular and the domestic league is followed widely. The incident happened in the aftermath of a fight breaking out between crowds after Indonesian football team Arema Malang was defeated 3-2 by rivals Persebaya Surabaya at Kanjuruhan stadium in East Java's Malang city. This was the first time the team ceded a match to its rival Persebaya at its home stadium and soon after the defeat, thousands of angry supporters poured onto the pitch and clashed with each other, police said. Angry crowds threw bottles and objects at players and football officials as chaos spread across the stadium. For the full story click here > Watch/ Tory chair tells those struggling with bills to 'get new job' or cut spending NUMBER OF THE DAY 80% – Over-65s who have had Covid are 80 per cent more likely to develop Alzheimer's within a year of being infected, a new study has revealed.   QUOTE OF THE DAY "As one of the people who perhaps acted with the most ferocious determination to get the UK out of the EU, I think we have to bring some humility to this situation." – Conservative minister Steve Baker has said he is "really sorry" to the EU for "not always behaving" in a way that did not foster trust. Other stories you might like Over-65s who had Covid are 80 per cent more likely to develop Alzheimer's, study reveals Emily Ratajkowski accuses Marilyn Monroe biopic Blonde of 'fetishising female pain' Demoted grandchildren, a determined Queen and an 'unedifying' public spat. Inside Europe's new royal scandal Articles available exclusively to subscribers Andrew Woodcock, The Independent - Make-or-break week as Liz Truss faces the Tory faithful Other newsletters you might like The Race Report Fortnightly, 7am (UK time) Written by Nadine White Sign up Inside Politics Weekdays, 8am (UK time) Written by Matt Mathers Sign up If you can spare a minute we'd love your feedback on our newsletters. Join the conversation or follow us Please do not reply directly to this email You are currently registered to receive The Independent's Morning Headlines newsletter. Add us to your safe list of senders.   If you do not want to receive The Independent's Morning Headlines newsletter, please unsubscribe.   If you no longer wish to receive any newsletters or promotional emails from The Independent, you can unsubscribe here.   This e-mail was sent by Independent Digital News and Media Ltd, 2 Derry Street, London W8 5HF. Registered in England and Wales with company number 07320345. Read our privacy notice and cookie policy.