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UK scraps tax cut for wealthy that sparked market turmoil


phkrause

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BIRMINGHAM, England (AP) — The U.K. government on Monday dropped plans to cut income tax for top earners, part of a package of unfunded cuts unveiled only days ago that sparked turmoil on financial markets and sent the pound to record lows.

https://apnews.com/article/business-financial-markets-liz-truss-0acea0ad013e41524c8be3981654b922?

phkrause

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