Friday, Mar 29, 2024
Focus on the big picture

UK government makes tax cut U-turn after market turmoil

Al Jazeera, 04 Oct 2022
The United Kingdom government has been forced into a U-turn on plans to scrap the top income tax rate for high earners.
Chancellor Kwasi Kwarteng says the controversial proposal to slash the tax had ‘become a distraction’.
The controversial policy was met with turmoil in the markets and a revolt within new Prime Minister Liz Truss's own Conservative Party.

Al Jazeera's @Paul Brennan reports from the party's annual conference in Birmingham, the UK.

- Subscribe to our channel: http://aje.io/AJSubscribe
- Follow us on Twitter: https://twitter.com/AJEnglish
- Find us on Facebook: https://www.facebook.com/aljazeera
- Check our website: https://www.aljazeera.com/

@AljazeeraEnglish
#Aljazeeraenglish
#News
#UnitedKingdom
#Economiccrisis
Related Articles