The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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DinoNavarre

To: DinoNavarre who wrote (9413)	10/3/2022 3:07:08 AM
From: elmatador	1 Recommendation Read Replies (1) of 13803

Liz Truss backs down on 45p tax rate cut in humiliating U-turn The Chancellor acknowledged that their desire to axe the 45% rate on earnings over £150,000 in a move to be paid for by borrowing had become a “distraction” amid widespread criticism. He issued a statement, hours before he had been due to defend the plans at the Conservative Party conference, saying: “We are not proceeding with the abolition of the 45p tax rate.” “We get it, and we have listened,” he added.

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