UK drops tax cut for top earners in budget U-turn
London, 3/10: The new Liz Truss-led UK government on Monday made its first major U-turn on its central plank of tax cuts by withdrawing a policy to abolish the top rate for the wealthiest, following market turmoil and to avert an expected rebellion within the governing Conservative Party. Chancellor Kwasi Kwarteng declared that the announcement…
