Less than a month into the job, British Prime Minister Liz Truss has been forced into a political backdown over a controversial tax policy, as Europe correspondent Isabella Higgins reports. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2022-10-03/uk-scraps-tax-cut/101497700 ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: https://ab.co/2kxYCZY Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2 Like ABC News on Facebook: http://facebook.com/abcnews.au Follow ABC News on Instagram: http://instagram.com/abcnews_au Follow ABC News on Twitter: http://twitter.com/abcnews Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia #uknews