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Newspaper headlines: Liz Truss 'faces new Tory rebellion' after tax cut U-turn Newspaper headlines: Liz Truss 'faces new Tory rebellion' after tax cut U-turn
(about 16 hours later)
Many of Tuesday's papers lead with reaction to the government scrapping plans to abolish the top rate of tax for high earners. The i reports that Prime Minister Liz Truss is facing a new rebellion on plans to cut public spending to help cover the cost of £43bn of the remaining tax cuts announced in the mini-budget. Reflecting wider anger in some ranks of the Conservative Party, the paper reports that a former minister is warning that a combination of cuts and a bad Office for Budget Responsibility economic outlook could end her premiership. Prime Minister Liz Truss at party conference
Conservative MPs are now plotting to avert a squeeze on benefits payments, the Guardian reports. The paper also reports that the chancellor is now planning to bring forward plans for a new fiscal statement, which is expected to focus on spending and deregulation.
The Financial Times reports that the government abolished plans to scrap the top rate of tax after it was clear it stood no chance of being voted through Parliament. The PM had insisted on Sunday that the controversial plan to abolish the 45p rate would go ahead, despite a number of MPs in her party opposing the move. But following talks with her senior team, she concluded it stood no chance of being voted through the House of Commons, the paper reports.
The Daily Telegraph also carries reports of a new battle Ms Truss faces with Tory MPs over reducing benefits. Downing Street is considering not increasing universal credit payments in line with inflation and instead raising it by a lower figure, such as the increase in average earnings, to encourage those on benefits into work, the papers reports.
The Daily Mail urges the PM to "get a grip", saying her U-turn on the 45p tax rate has left supporters worried about her determination to pursue the rest of her radical programme. The PM is refusing to rule out more U-turns, the paper says.
Chancellor Kwasi Kwarteng admitted to having a "tough day" after the tax cut -U-turn, but insisted he can now get on with the job of turning round the economy, reports the Metro. It comes as new polls show Labour surging ahead of the Tories, with leads of 25 and 28 points respectively.
But Ms Truss has urged readers of the Daily Express to stick with her government, saying she will "reward their trust". The PM admitted it had not been an "easy week" but added that the tax cut U-turn had come after "listening to people's concerns", the paper says.
The Daily Star says the PM was "humiliated" after scrapping plans to axe the top rate of income tax.
The Daily Mirror accuses the chancellor of "laughing off" the government's tax cut U-turn at the Conservative Party Conference on Monday. The "damage is done", according to the paper.
The Times reports that Priti Patel, who served as home secretary in Boris Johnson's cabinet, will fire a warning shot over Ms Truss's "unfunded tax cuts". In her first significant intervention since returning to the back benches, Ms Patel will accuse the prime minister and chancellor of "spending today with no thought of tomorrow", adding that the Conservative Party will "live or die" by its economic credibility, the paper says.
And The Sun carries a photo of the alleged killer of nine-year-old Olivia Pratt-Korbel on its front page. Thomas Cashman appeared in court yesterday charged with fatally shooting Olivia at her home in Liverpool in August, the paper reports.
"Get A Grip!" is the headline for the Daily Mail, one of many papers to lead on the government's U-turn on scrapping the top rate of tax. The Mail says Liz Truss "caved in" to pressure from senior Tories - raising concern among the prime minister's supporters that she lacks the determination to see through the rest of her programme."Get A Grip!" is the headline for the Daily Mail, one of many papers to lead on the government's U-turn on scrapping the top rate of tax. The Mail says Liz Truss "caved in" to pressure from senior Tories - raising concern among the prime minister's supporters that she lacks the determination to see through the rest of her programme.
The Metro's headline quotes the chancellor himself: "What A Day!"The Metro's headline quotes the chancellor himself: "What A Day!"
The Daily Star mocks up Kwasi Kwarteng and Liz Truss in a clown car and calls the Prime Minister a "poundland Thatcher", saying the lady is for U-turning.The Daily Star mocks up Kwasi Kwarteng and Liz Truss in a clown car and calls the Prime Minister a "poundland Thatcher", saying the lady is for U-turning.
The Daily Mirror says a shameless Mr Kwarteng "laughed off" the reversal in his conference speech.The Daily Mirror says a shameless Mr Kwarteng "laughed off" the reversal in his conference speech.
Liz Truss tells the Daily Express it's not been an easy week - but she's listened to people's concerns.Liz Truss tells the Daily Express it's not been an easy week - but she's listened to people's concerns.
Prime Minister Liz Truss at party conference
The Financial Times' leader column says this is a moment of acute embarrassment for the prime minister and her chancellor. While dropping plans to axe the 45p tax rate may ease some political pressure, the paper says, the economics of the mini-budget still do not add up.The Financial Times' leader column says this is a moment of acute embarrassment for the prime minister and her chancellor. While dropping plans to axe the 45p tax rate may ease some political pressure, the paper says, the economics of the mini-budget still do not add up.
The Times says the government cannot afford any more mistakes - and only a credible plan to reduce debt and a rigorous independent forecast can revive Tory fortunes.The Times says the government cannot afford any more mistakes - and only a credible plan to reduce debt and a rigorous independent forecast can revive Tory fortunes.
The Daily Telegraph and the Guardian say Tory rebels are now aiming to prevent a squeeze on benefits. Downing Street is considering increasing Universal Credit by below inflation, according to the Telegraph. Number 10 is said to be "preparing to question" whether it is fair that people on benefits receive inflation-linked rises, while many workers get real-terms pay cuts. One senior minister tells the paper the Cabinet will "blow a raspberry" if Liz Truss brings the idea forward.The Daily Telegraph and the Guardian say Tory rebels are now aiming to prevent a squeeze on benefits. Downing Street is considering increasing Universal Credit by below inflation, according to the Telegraph. Number 10 is said to be "preparing to question" whether it is fair that people on benefits receive inflation-linked rises, while many workers get real-terms pay cuts. One senior minister tells the paper the Cabinet will "blow a raspberry" if Liz Truss brings the idea forward.
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The front page of the Sun carries an image of the man accused of murdering nine-year-old Olivia Pratt-Korbel in Liverpool. 34 year-old Thomas Cashman, who appeared in court yesterday, is seen posing in a selfie, in front of a fleet of sports cars.The front page of the Sun carries an image of the man accused of murdering nine-year-old Olivia Pratt-Korbel in Liverpool. 34 year-old Thomas Cashman, who appeared in court yesterday, is seen posing in a selfie, in front of a fleet of sports cars.
It is believed Nato has warned its members that Vladimir Putin is preparing to carry out a nuclear test on Ukraine's borders, according to the Times. The paper says a train used by a secretive nuclear division has been spotted in central Russia, heading for Ukraine.It is believed Nato has warned its members that Vladimir Putin is preparing to carry out a nuclear test on Ukraine's borders, according to the Times. The paper says a train used by a secretive nuclear division has been spotted in central Russia, heading for Ukraine.
The Times also notes reports in the Italian press, that a Russian submarine carrying a nuclear-capable underwater drone is travelling to the Arctic. Defence analysts tell the paper both moves should be seen as a warning to the West, to stop meddling in Ukraine.The Times also notes reports in the Italian press, that a Russian submarine carrying a nuclear-capable underwater drone is travelling to the Arctic. Defence analysts tell the paper both moves should be seen as a warning to the West, to stop meddling in Ukraine.
Many of the papers report on comments by Jeremy Paxman - who says he was diagnosed with Parkinson's Disease after his doctor watched him on television. Mr Paxman explains he was in A&E for a fall when the doctor walked in and said "I think you've got Parkinson's" - having noticed he was "less exuberant than usual" while presenting University Challenge.Many of the papers report on comments by Jeremy Paxman - who says he was diagnosed with Parkinson's Disease after his doctor watched him on television. Mr Paxman explains he was in A&E for a fall when the doctor walked in and said "I think you've got Parkinson's" - having noticed he was "less exuberant than usual" while presenting University Challenge.
Jeremy Paxman was speaking in a documentary about his diagnosis, which will be broadcast on ITV this evening. The broadcaster had apparently acquired "Parkinson's Mask" - where stiff muscles make facial expressions more difficult.Jeremy Paxman was speaking in a documentary about his diagnosis, which will be broadcast on ITV this evening. The broadcaster had apparently acquired "Parkinson's Mask" - where stiff muscles make facial expressions more difficult.
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