LONDON — Britain’s finance minister Kwasi Kwarteng said he would not resign after making a humiliating U-turn on cutting the 45% top rate of income tax on Monday, saying the plan had become a “massive distraction.”
Asked if he has considered resigning, Kwarteng told the BBC: “Not at all.”
Sign up to receive the daily top stories from the National Post, a division of Postmedia Network Inc.
Thanks for signing up!
A welcome email is on its way. If you don't see it, please check your junk folder.
The next issue of NP Posted will soon be in your inbox.
He declined to admit it was a mistake. “What I admit was that it was a massive distraction on what was a strong package,” he said. (Reporting by Kylie MacLellan and Muvija M, Writing by Paul Sandle, editing by James Davey)