The British government has dropped plans to cut income tax for top earners, part of a package of unfunded cuts that sparked turmoil on financial markets and sent the pound to record lows.Chancellor of the Exchequer Kwasi Kwarteng...Full Article
UK scraps tax cut for wealthy that sparked market turmoil
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U.K. Treasury Secretary Kwasi Kwarteng abandoned plans to cut the 45% rate of income tax paid on earnings above $167,000 a year.
The British government on Monday dropped plans to cut income tax for top earners, part of a package of unfunded cuts unveiled only..