comment by
Marc Beise
Massive about-faces in politics are always spectacular, and now the new British government under Liz Truss is contributing one. Like many other governments in Europe, it is trying to stem the economic turbulence – so far without success. She herself has just pulled out a key component of her quickly cobbled-together rescue package for the British economy: she has waived the much-heralded abolition of the top tax rate of currently 45 percent for top earners.