//…..the very same that Truss voted for in 10 years as a cabinet minister but now wants to turn on its collective head in an admission of failure, only to turn it into a catastrophe?//
The comment was “When the contest turned out to be between Truss and Sunak, I said they had missed an opportunity. Instead of change, they voted for more of the same, and that is exactly what Truss has delivered.”
Ms Truss cannot, by any stretch of the imagination, be considered to have delivered “more of the same.” That’s precisely why the markets are spooked.
//I have yet to hear a cogent argument in favour of lowering the 45% tax rate, even from the Tories.//
The “cogent argument” is that there is no justification for confiscating such a large proportion of someone’s income. If the government needs more money there are a myriad ways it can cut its expenditure.