U.K. Chancellor Kwasi Kwarteng backtracks on 45 percent tax rate cut - The Washington Post
Kwasi Kwarteng, the finance minister, said the government was ditching plans to scrap the 45 percent tax rate for the highest earners amid widespread opposition.
LONDON The British government said we get it as it abandoned plans to abolish the top rate of income tax for its highest earners, a key part of its centerpiece economic plans that spooked the markets… [+4921 chars]
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