UK Scraps Tax Cut For Wealthy That Sparked Market Turmoil
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Treasury chief Kwasi Kwarteng announced a U-turn over an unfunded tax cut unveiled just days ago that proved unpopular even with his Conservative Party.
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Treasury chief Kwasi Kwarteng announced a U-turn over an unfunded tax cut unveiled just days ago that proved unpopular even with his Conservative Party.
Full ArticleWatch VideoEmbattled British Prime Minister Liz Truss sacked her Treasury chief and reversed course on sweeping tax cuts Friday..
The British government has dropped plans to cut income tax for top earners, part of a package of unfunded cuts that sparked turmoil..