The MP for Penrith and the Border has welcomed the Government’s decision to make a U-turn over the abolition of the 45p tax rate for those earning above £150,000.

Following chancellor Kwasi Kwarteng’s mini budget the pound dropped to its lowest against the dollar and the Conservative Party saw a sharp decline of public support in the polls.

The decision to make a U-turn was announced on Monday after Liz Truss committed to the policy just 24 hours before.

“I thank the Government for listening to me, my Conservative colleagues, and the public and now are reversing this tax decision” said Dr Neil Hudson MP.

“Retaining the 45 top tax rate is absolutely the right and moral decision moving forward.”

“I’m pleased, after years of stagnation, the Government has made it their priority to boost growth and it should not shy away from that.”

“With that said, it’s clear the plan must be inclusive and boost the economy at all levels with key support for people who are struggling.”

“I firmly believe that giving tax cuts to those on large salaries was not the way to achieve this.”

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Dr Hudson, who represents one of the most rural constituencies in England, has also urged the Government to provide more support for rural communities’ energy bills.

“So, just as the Government has listened to us on tax, I urge Ministers to listen to me on energy support” said Dr Hudson MP.

“I’ve been banging the drum for those in rural areas such as ours who are not on the gas grid and who are on heating oil or LPG, to receive more than the £100 currently being offered.”

“It’s simply not enough when considering astronomical prices and minimum orders being enforced.”

“We need to make sure rural Britain is not left behind, and I will continue to push the Government for immediate and resolute action for households and businesses who are off the grid.”

 

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