The chancellor has presented the government’s economic plans for the NHS, benefits and taxes as Britain suffers the highest inflation for 40 years

When Kwasi Kwarteng unveiled his not-so-mini budget, Tory MPs quickly saw red over his and Liz Truss’s headline move: to cut the top rate of tax. As Michael Gove put it in an interview in the weeks after: “That is a display of the wrong values.”

Katy Balls is the Spectator’s deputy political editor

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