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Chancellor forced to U-turn on tax cut after market chaos

Video Credit: ODN - Duration: 02:06s - Published
Chancellor forced to U-turn on tax cut after market chaos

Chancellor forced to U-turn on tax cut after market chaos

Chancellor Kwasi Kwarteng has made an abrupt U-turn on his plans to scrap the top rate of income tax for the highest earners.

In his mini-budget two weeks ago, he announced that anyone earning over £150,000 would no longer pay the 45% rate.

Report by Burnsla.

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