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UK scraps tax cut for wealthy that sparked market turmoil

IndiaTimes Monday, 3 October 2022
Treasury chief Kwasi Kwarteng said on Monday that he will not scrap the top 45 per cent rate of income tax paid on earnings above 150,000 pounds ($167,000) a year. “We get it, and we have listened,” he said in a statement.
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News video: UK scraps tax cut for wealthy that sparked market turmoil

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