UK Prime Minister Scraps Plans Massive Tax Cuts Geared Towards the Wealthy
Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
UK Prime Minister Scraps Plans Massive Tax Cuts Geared Towards the Wealthy
UK Prime Minister Scraps , Plans Massive Tax Cuts , Geared Towards the Wealthy.
UK Prime Minister Scraps , Plans Massive Tax Cuts , Geared Towards the Wealthy.
UK Prime Minister Liz Truss announced the abrupt change in direction for Britain on Oct.
3.
The plan to slash taxes for high earners
is widely regarded as setting off
volatile economic conditions in the nation.
.
We get it and we have listened, Liz Truss, UK Prime Minister, Twitter.
The abolition of the
45pc rate had become a distraction from our mission
to get Britain moving, Liz Truss, UK Prime Minister, Twitter.
Our focus now is on building a high growth economy that funds world-class public services, boosts wages, and creates opportunities across the country, Liz Truss, UK Prime Minister, Twitter.
Following the announcement, the British pound bounced back from the historic low to which it had sunk in the final week of Sept.
It also comes mere hours after
Truss defended the tax cut initiative.
Analsysts say it may be too late to counteract the optics damage caused by the tax-cut plan.
The damage has been done, Simon Usherwood, The Open University,
via CBS News.
It has still created an image of a government that thought this was a good idea, Simon Usherwood, The Open University,
via CBS News.
However, analysts point out that may be a silver lining to the announcement.
This just shows it's a government that can be swayed, Simon Usherwood, The Open University,
via CBS News.
She was fully behind this plan in interviews on Sunday and is now going back on it.
, Simon Usherwood, The Open University,
via CBS News.
The question is whether there is anything she can do to revitalize her project and her brand, Simon Usherwood, The Open University,
via CBS News
Former Prime Minister Liz Truss has condemned the latest migration figures saying they are âtoo highâ as net migration levels reach record levels. At 606,000 net, the UK has welcomed almost double the number migrants since before the UK voted to leave the EU in 2016. Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The United Kingdomâs Prime Minister Rishi Sunak and Japanese Prime Minister Fumio Kishida will soon sign a new agreement to deepen security ties, including a UK commitment to deploy an aircraft carrier strike group to the Indo-Pacific in 2025. The so-called âHiroshima Accordâ will also cover trade and investment, collaboration on science and technology and joint initiatives to tackle global issues such as climate change. Under the agreement, the United Kingdom will deploy its Carrier Strike Group to the Indo-Pacific in 2025⊠and will also double its troop numbers in upcoming joint military exercises. He will also visit a naval base and confirm new UK-Japan defence cooperation, including a new cyber partnership. The summit comes as the former UK prime minister Liz Truss attempted to intervene in foreign policy by visiting Taiwan on Wednesday, where she called on Sunak to declare Beijing a threat to national security. The trip had drawn condemnation as a âdangerous political stuntâ by the Chinese embassy in London.
#Hiroshimaaccord#G7meet2023 #Rishisunak
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Former Chancellor Kwasi Kwarteng had admitted that he and Liz Truss âcould have done things differentlyâ while in office, but stopped short of apologising for his fiscal plan that sent markets into a frenzy.
Speaking with Channel 4 Newsâs Cathy Newman, he said: âIâm not going to apologise ⊠I accept responsibility for a turbulent time, I think we tried to do too much, too quickly ⊠I donât think politicians should apologise for everything and Iâve said that repeatedly.â Report by Buseld. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Former Chancellor Kwasi Kwarteng has said he remains friends with his old boss Liz Truss, despite her sacking him over the economic fallout caused by his mini-budget last October.
Reflecting on that moment, he told Cathy Newman on Channel 4 News âI donât think she reacted in a particularly calm way.â
And asked whether he forgave his former boss, Mr Kwarteng replied: âIâm not angry, I try not to be angry, I try not to be bitter, I think weâve just got to move forward.â Report by Buseld. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Former British Prime Minister Liz Truss, who is in Taiwan, has said that the West should avoid appeasing China and show unwavering support for the self-governed island. Reports said that her speech risks further damaging Britain's relations with Beijing.
#LizTruss #Taiwan #China
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Linda Yaccarino, NBCU Ad Chief, , Leaves Company Amid Reports That Sheâs , Twitterâs Next CEO.
Yaccarino announced that she was
leaving NBCUniversal on May 12.
It has been an absolute honor to be part of Comcast NBCUniversal and lead the most incredible team, Linda Yaccarino, chairman of global advertising
and partnerships at NBCUniversal, via statement.
Weâve transformed our company and the entire industry, Linda Yaccarino, chairman of global advertising
and partnerships at NBCUniversal, via statement.
The previous day, on May 11, Elon Musk said that he's picked a new CEO for Twitter.
While Musk didn't provide any more details, 'The Wall Street Journal' reported that Yaccarino was up for the position. .
CNN reports that Yaccarino was also seen with Musk last month at an industry conference.
Yaccarino's background seemingly makes her a perfect candidate for the job, especially since Twitter's ad revenue has declined.
Since joining NBCUniversal in 2011,
she helped generate $100 billion in ad sales, according to her company profile.
She also oversaw a 2,000-member team,
which is reportedly more people than
are currently working at Twitter.
Last month, Musk told the BBC that
1,500 people currently work at the company.
Last month, Musk told the BBC that
1,500 people currently work at the company
Credit: Wibbitz Top Stories Duration: 01:30Published
Elon Musk Says Heâs Picked , a New Twitter CEO.
Musk made the announcement on May 11.
He plans to pass the baton to
someone else in about six weeks.
In December, Musk said he'd step down as CEO once he came across someone "foolish enough to take the job," ABC News reports.
He made the remarks after a Twitter poll indicated that 57.5% of people didn't want him as CEO.
Since acquiring the social media company, Musk has cut close to 75% of Twitter's staff.
The company endured an hours-long user outage in February and had to implement an emergency fix, ABC News reports.
In an attempt to combat decreasing ad revenue, Musk has made several changes to the platform.
For example, now, a subscription grants account verification, which has garnered a lot of backlash
Credit: Wibbitz Top Stories Duration: 01:30Published
Twitter , Partners With eToro.
Twitter , Partners With eToro.
CNBC reports that beginning April 13, a new Twitter feature will be rolled out that lets users "buy and sell stocks and other assets.".
Currently, Twitter has a "cashtags" feature that shows price information for different ticker symbols.
Currently, Twitter has a "cashtags" feature that shows price information for different ticker symbols.
According to an eToro spokesperson, that feature will be expanded to highlight more instruments and asset classes.
A button to "view on eToro" will
take you to the trading and investment company's site to buy and sell assets.
As weâve grown over the past three years immensely, weâve seen more and more of our users interact on Twitter [and] educate themselves about the markets, Yoni Assia, eToro CEO, to CNBC.
There is very high quality content, real-time content on financial analysis of companies and whatâs happening around the world. , Yoni Assia, eToro CEO, to CNBC.
We believe this partnership will enable us to reach those new audiences [and] connect better the brands of Twitter and eToro, Yoni Assia, eToro CEO, to CNBC.
CNBC reports that the deal signifies another major step in Elon Musk's plan to build an all-encompassing "super app.".
It was recently revealed that Twitter, Inc. no longer exists, as it was absorbed by Musk's X Corp.
It appears Musk is wasting no time
in creating his all-in-one X app
Credit: Wibbitz Top Stories Duration: 01:30Published
New finance minister Jeremy Hunt has outlined his economic plan two weeks early, as disquiet grows among Conservative backbenchers over the prime minister's position.
Credit: euronews (in English) Duration: 01:10Published
Embattled UK Prime Minister Liz Truss fired Finance Minister Kwasi Kwarteng this Friday morning, amid market turmoil. She has replaced him with Jeremy Hunt, the fourth Finance Minister in four months...
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