UK government backs down on controversial tax plan | The World

ABC News (Australia) published this video item, entitled “UK government backs down on controversial tax plan | The World” – below is their description.

In a humiliating backdown for UK Prime Minister Liz Truss, the Chancellor has scrapped the tax rate cut for top earners. In a statement, Kwasi Kwarteng says the proposals announced in the UK’s mini-budget had “become a distraction”, and had been criticised as unfair given the rising cost of living.

ABC News (Australia) YouTube Channel

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About This Source - ABC News (Australia)

The video item below is from ABC News (Australia). ABC News is a public news service in Australia produced by the News and Current Affairs division of the Australian Broadcasting Corporation.

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In This Story: Liz Truss

Mary Elizabeth Truss is a British politician serving as Secretary of State for Foreign, Commonwealth and Development Affairs since 2021 and Minister for Women and Equalities since 2019. A member of the Conservative Party, she has been Member of Parliament for South West Norfolk since 2010.

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