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UK Truss apologises for risking economic stability with tax plans

Posted On October 19th, 2022

Prime Minister Liz Truss has apologised for threatening the United Kingdom’s economic stability after she was forced to scrap her vast tax-cutting plans and embark on a programme of “eye-watering” public spending cuts instead.

After …

UK’s new finance minister scraps almost all planned tax cuts in bid to appease markets

Posted On October 18th, 2022

LONDON — U.K. Finance Minister Jeremy Hunt used his first Monday on the job to announce that almost all of the controversial tax measures announced by his predecessor would be reversed.

The major U-turn includes scrapping the cut for…

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