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  • /UK Prime Minister Liz Truss refuses to rule out welfare cuts, faces rebellion over benefits payments

UK Prime Minister Liz Truss refuses to rule out welfare cuts, faces rebellion over benefits payments

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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