The U-turn is already happening. Apparently Gordon Brown will - in Prime Ministers’ Questions at noon - announce compensation (backdated!) to those affected by the removal of the 10p tax rate.
Good news for poor workers.
Bad news for the government’s reputation: it’s the Treasury’s third U-turn in as many months.
Expect David Cameron to have a field day in a few minutes’ time in the Commons.
Jim Pickard and Alex Barker, FT Westminster correspondents, share the latest news and gossip from the UK's political scene.
Alex Barker has been an FT political correspondent since July 2007. He joined the paper in 2005, after working in current affairs television.
Jim Pickard joined the FT's lobby team in January 2008, having been a regional correspondent, assistant UK news editor and property correspondent.
FT.com - UK Politics & Policy news
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