Tag: liz truss tax cuts

Explained | Britain’s week of market turmoil and the tax cut reversal

Explained | Britain’s week of market turmoil and the tax cut reversal

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The pound slumped to its lowest point against the dollar accompanied by skyrocketing bond yields, triggering an emergency intervention by the Bank of England and a tax reversal by the UK PM The pound slumped to its lowest point against the dollar accompanied by skyrocketing bond yields, triggering an emergency intervention by the Bank of […]

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U.K. scraps tax cut for wealthy that sparked market turmoil

U.K. scraps tax cut for wealthy that sparked market turmoil

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The decision to reverse course is likely to put U.K. PM Liz Truss and Finance Minister Kwasi Kwarteng under huge pressure, less than four weeks after they came to power The decision to reverse course is likely to put U.K. PM Liz Truss and Finance Minister Kwasi Kwarteng under huge pressure, less than four weeks […]

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