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Her role model was known as the Iron Lady, but Liz Truss is proving to be a more mercurial type of metal. Less than a month into her tenure -- and just 10 days after releasing her mini-budget -- the UK prime minister has executed a maxi U-turn.

Chancellor Kwasi Kwarteng confirmed Monday the government would abandon its nearly universally ridiculed "I Love the 80s" proposal to eliminate the UK's top tax bracket, 45% for those who earn north of £150,000, as the country plummets into an energy and cost-of-living crisis. "We get it, and we have listened," Kwarteng insisted.

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Source Fool.com