Former Transport Secretary Grant Shapps has told Sky News he was 'pleased' the government decided to make a U-turn on the 45p tax rate, adding that the policy 'didn't make sense'. More here 👉
, after Conservative MPs were told they would lose the whip if they voted against it.
Asked where the U-turn had left his credibility, the chancellor told BBC Breakfast:"We are 100% focused on the growth plan." "Our focus now is on building a high growth economy that funds world-class public services, boosts wages, and creates opportunities across the country."The pound surged higher in overnight trading on Monday as reports emerged that the government would abandon the decision to axe the 45p tax rate.
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