UK Economy: Chancellor Kwasi Kwarteng rolls back decision on tax cuts
Edited By WION Video Desk
Published: Oct 03, 2022, 20:01 IST | Updated: Oct 03, 2022, 20:01 IST
In a humiliating U-turn, the UK government has been forced to abandon its plan to abolish the 45% top rate of income tax, it comes after a growing Conservative party revolt over the policy and turbulent reaction from the markets.
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