Lizz Truss backtracks on her controversial economic plan and renounces the tax cut for the richest

• Crisis Rebellion 'tory' against the budget of Liz Truss

The Government of

has partially "reversed" its controversial budget that caused the collapse of the pound and has confirmed that it will give up the most criticized point of its plan:

Truss faced the frontal opposition of dozens of "Tory" deputies, who had threatened to torpedo the budget in Parliament, although until Sunday she continued to defend her plans.

The announcement was made early Monday by Treasury Secretary

, the main promoter of the measure, who apologized in passing for his presence - the same day he presented the budget - at a party of millionaire financiers and donors of the Conservative Party in the City, celebrating the largest tax cut of the last half century .

Truss and Kwarteng face harsh criticism from their coreligionists over the budget "slip" this week at the Conservative Party's national conference in Birmingham.

Three out of four Britons oppose tax cuts for the richest, which has led to a sudden drop in the Tories in the polls, to 33 points behind the Labor Party according to YouGov.

Following the abandonment of the most controversial point, Kwarteng stated that the government plans to go ahead with the rest of the "growth" agenda - such as the freezing of corporate income tax and social security contributions, plus the abolition of extraordinary profits tax. to the electricity companies - despite estimates that it

in the state coffers.

Conforms to The Trust Project criteria

Know more

• Taxes