We get it, and we have listened - Kwarteng
Announcing his plans to ditch the 45p rate cut, Chancellor Kwasi Kwarteng said the plans had become a "distraction from our overriding mission to tackle the challenges facing the country".
Kwarteng says the government's plans were designed to "build a more prosperous economy".
He said it would focus on "delivering the major parts of our growth package", including:
the energy price cap
cutting taxes for "30 million hard-working people"
Moving ahead with "driving supply side reforms - including accelerating major infrastructure projects"
Writing the news on Twitter, Kwarteng said: "We get it, and we have listened."