Labour deputy leader Angela Rayner has suggested her party would reverse Kwasi Kwarteng's 1p income tax cut if it wins the next general election. She said the new 19p general income tax rate, down from 20p, was 'the wrong priority'. During an appearance on Radio 4's Today, Rayner was asked: 'Would you reverse the income tax cut?' The deputy leader replied: 'Well we've said that, you know, the income tax cut is the wrong priority. So yes, we don't think that that's the priority.' New Chancellor Kwarteng denied 'gambling' with the economy as he revealed £45billion in tax cuts and an estimated £41gKFtogHYuTLgtmff2zbx9hk7DWS8VB612gDjf1YFPsfT66jV4UFCBNJSsUKKBpwf9y4CunA1UoucxSkm8NLtmRFxDFATc recession, after the Bank of England measured two consecutive quarters of negative economic growth.