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UK market turmoil: 'These are going to be turbulent times over the next few months' • FRANCE 24

FRANCE24, 04 Oct 2022
British Prime Minister Liz Truss was forced on Monday into a humiliating U-turn after less than a month in power, reversing a cut to the highest rate of income tax that helped spark turmoil in financial markets and a rebellion in her party. Finance minister Kwasi Kwarteng said the decision was taken with "humility and contrition", after some lawmakers reacted with fury to suggestions that public and welfare spending could be cut to fund tax cuts for the richest. For more on the UK's market turmoil and the prime minister's stunning U-turn on tax cuts, FRANCE 24 is joined by John McTernan, Political Strategist and former Political Secretary to Tony Blair.


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