UK government makes tax cut U-turn after market turmoil

The United Kingdom government has been forced into a U-turn on plans to scrap the top income tax rate for high earners.
Chancellor Kwasi Kwarteng says the controversial proposal to slash the tax had ‘become a distraction’.
The controversial policy was met with turmoil in the markets and a revolt within new Prime Minister Liz Truss’s own Conservative Party.

Al Jazeera’s @Paul Brennan reports from the party’s annual conference in Birmingham, the UK.

– Subscribe to our channel:
– Follow us on Twitter:
– Find us on Facebook:
– Check our website:


You May Also Like

Leave a Reply

Your email address will not be published. Required fields are marked *