The Papers: ‘Truss budget’ cost £30bn and ‘Rishi revives Thatcherism’
The impact of the “disastrous” mini-budget and the spending cut plus tax rises plans to fix it lead the Sunday papers….
According to the Mail on Sunday, the chancellor’s economic statement will also include plans to reduce the 45p income tax threshold, meaning the highest earners would start paying the top rate of tax at £125,000, rather than £150,000. But the paper says some Tory MPs fear that Prime Minister Rishi Sunak is “over-correcting and jeopardising the Conservatives’ reputation as a low tax party”.
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