UK government abolishes plan to cut tax on high earners in major U-turn

UK government abolishes plan to cut tax on high earners in major U-turn

LONDON — The U.K. government on Monday reversed a planned scrapping of the top rate of income tax, after a public backlash and major market turbulence. “It is clear that the abolition of the 45p tax rate has become a distraction from our overriding mission to tackle the challenges facing our economy,” Finance Minister Kwasi […]

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