Thatcherite it ain’t, the 45p tax band is restored, sorry about that.
You really know how bad things are for the government when you have to abandon your key economic policy before the markets open, just in case it causes another run on the pound/bonds/opinion polls, take you pick.
But the damage is done, no one can ever trust this bunch of heartless, cynical, shameless, ideologues again. You cannot row back when you have crossed the Rubicon, you cannot rebuild your image when everyone sees you for what you really are.
And just on an economic point, if the disgusting tax cut for those earning over £150,000pa was going to boost growth, encourage entrepreneurs and make the UK richer, what will replace it?
The very fact that it is so easily ditched exposes the lie for what it is.
Economics, trade and Brexit, not necessarily in that order but the dog always comes first.
Amazingly there are still far too many people, including Parliamentarians, who don't realize how Brexit was a scam, and that it was always about robbing and subjugating the ordinary public for the profit of rich criminals. Racism and xenophobia, and appeals to monumental ignorance, were the route to getting enough public votes for it.