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Can Truss’s tax cut U-turn restore financial stability in the UK?

Can Truss’s tax cut U-turn restore financial stability in the UK?

From: Counting the Cost

Britain’s Prime Minister Liz Truss forced to scrap plans to remove the 45 percent top income tax rate on high earners.

Just a few days ago, Britain’s new prime minister was confident she would be able to kick-start economic growth by cutting taxes. Yet the country is still on course for a recession.

Faced with market turmoil and criticism from within her Conservative Party, Liz Truss was forced to scrap plans to remove the 45 percent top income tax rate on high…


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