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Truss Still Wants to Bring Top Rate of Income Tax Down Despite U-Turn

Liz Truss and Kwasi Kwarteng depart from a hotel during the Conservative Party's annual autumn conference in Birmingham, UK, on Oct. 4.

Liz Truss and Kwasi Kwarteng depart from a hotel during the Conservative Party's annual autumn conference in Birmingham, UK, on Oct. 4.

Photographer: Hollie Adams/Bloomberg

Liz Truss has said she still wants the top rate of income tax for the highest earners to be lower just a day after being forced into a U-turn to stave off a Conservative revolt.

The Prime Minister said she backed down on abolishing the 45% rate for earnings over £150,000 because it had become a "distraction" amid widespread criticism.