Liz Truss reverses course and will not lower taxes on the wealthy
The Prime Minister of the United Kingdom, Liz Truss, has reversed on Monday her plan to lower taxes on the richest after her own Conservative MPs rebelled against the plan, also criticized by the International Monetary Fund and which had caused the collapse of the pound. British Finance Minister Kwasi Kwarteng has explained that the government will forgo lowering the top income tax bracket from 45% to 40%. "It is […]
