A 'colossal' U-turn

Available for over a year

The government has U-turned on plans to scrap the 45p rate of income tax for higher earners. The Chancellor, Kwasi Kwarteng, told BBC News the proposals, announced just 10 days ago, had become 'a massive distraction on what was a strong package'. He said they took the decision because they had 'talked to people, we listened to people, I get it.' The decision, which marks a humiliating climbdown for the Prime Minister, Liz Truss, comes after several Tory MPs criticised the plan. For 5 Minutes On - the BBC's Political Editor, Chris Mason, has this analysis on the government's 'colossal' U-turn. Image credit: Leon Neal via Getty images