Kwasi Kwarteng U-turns on top tax rate decision | MoneyWeek

Contributing sentiments towards policy:

53% : The additional rate of income tax is paid by workers earning over £150,000 a year, and Kwarteng believed that by cancelling the top tax rate, he would be able to stimulate economic growth.
36% : However, dozens of Tory MPs made it clear over the past week that they will not back the proposal, arguing it was unfair to be cutting taxes for the wealthiest in society amid the cost of living crisis.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.