Chancellor Kwasi Kwarteng admits tax cut on 45p rate was a 'massive …
The government is patting itself on the back for reversing an unpopular planned tax cut but not everyone is dishing out congratulations.
Chancellor Kwasi Kwarteng told the BBC the proposals to scrap the 45p rate, paid by people earning over £150,000 a year, had become a "massive distraction on what was a strong package".
"We just talked to people, we listened to people, I get it," he added.
Since being floated a mere 10 days ago, the plan had been criticised from the markets, opposition parties and a growing number of Tory MPs meaning it looked like prime minister Liz Truss wouldn't have sufficient support to get the policy through the commons.
Even senior Tory Michael Gove had hinted his disapproval but Truss defended it, saying it would lead to growth in the economy, as recently as Sunday.
But since claiming "we listened to people" by scrapping the plans, Kwarteng has been hit with criticism from people rather more cynical about politics who suggested the policy was only changed due to its unpopularity and evidenced the government's terrible judgement.
\u201cNick Robinson: \u201cChancellor, it\u2019s no use saying \u2018well of course we\u2019ve listened\u2019 - for 2 weeks you\u2019ve done the opposite of listening.\u201d\nKwarteng: \u201cWell, it was about 9 days\u201d @BBCr4today\u201d
\u201cYou only \u201cgot it and listened\u201d after facing a substantial backbench rebellion and the prospect of losing your job in record time through your boundless incompetence. Don\u2019t take voters for fools\u201d