The UK newspaper front pages pull no punches after PM and chancellor perform reversal over 45p tax rate for high earners

Liz Truss and Kwasi Kwarteng pay the price for their 45p U-turn on the cover of the major papers this morning.

The Guardian front page says “Tory plot to halt benefit cuts after U-turn over top tax rate”. It says Kwarteng stands “humiliated” and has also been forced to bring forward to this month a new mini-budget that wasn’t due until late November.

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