Tuesday, 26th September 2023
<To guardian.ng
Search

UK government U-turns on plan to scrap 45% tax rate for highest earners

By France24
05 October 2022   |   10:36 am
Just ten days after presenting his controversial mini-budget, UK Finance Minister Kwasi Kwarteng has had to retract one of its key features. Those with annual incomes above £150,000 will not see their taxes cut in the end. The U-turn comes after days of market turmoil and political pressure.

Related

25 Aug
As Pakistan waits for elections, caretaker Prime Minister Anwaar-ul-Haq Kakar's alleged proximity to the country's powerful military has raised concerns.
27 Aug
Property mogul-turned-politician Srettha Thavisin will lead a coalition government of former archrivals, while the winner of the election will remain in opposition.
1 Sep
Conservative leader Nunez Feijoo had asked the Socialist Sanchez to back his government formation for two years. Spain faces the threat of remaining in political deadlock, since the July general election.
31 Aug
The leaders of Germany's ruling coalition sought to project unity during a two-day retreat outside Berlin. Chancellor Olaf Scholz announced a major tax cut.
3 Sep
On 17 August 2023, popular protests over the high inflation rate and deteriorating economic situation in Syria erupted in the Druze majority city of Al-Suwayda, with hundreds of participants. These grew, and by 20 August, thousands of protesters chanted slogans demanding the downfall of Assad regime.
3 Sep
German Chancellor Olaf Scholz's government has seen its lowest approval ratings since coming to power in 2021. The far-right continues to see a surge in support.
5 Sep
In a renewed attempt to broker peace, Colombia's leftist President Petro agreed on a ceasefire with an armed dissident group. The EMC is a splinter group that rejected the 2016 deal broadly honored by the larger FARC.
9 Sep
Prime Minister Narendra Modi's government has extensively revised secondary school curricula, removing all mention of the country's Mughal and Muslim history, which spanned some six centuries, as well as the identity of the assassin of Mahatma Gandhi and even Charles Darwin's theory of evolution.
9 Sep
The maker of weight-loss drug Wegovy has become Europe's most valuable firm, dethroning the French luxury conglomerate LVMH. Shares rose after the Danish pharmaceutical giant, Novo Nordisk, launched the popular drug in the UK. At the close of trading on Monday, the firm had a stock market valuation of $428bn (£339bn).
6 Sep
Blacklisting the Wagner Group would put it on the terror list with al-Qaida, meaning that it would be a criminal offense to be a member of or support the mercenary outfit under UK laws.
10 Sep
Forced exile, grief, pressures of assimilation and generational trauma are recurring themes for many, if not most narratives about the refugee experience. They're at the heart of author Cecile Pin's first book, “Wandering Souls”, which recounts the lesser known stories of Vietnamese boat people who fled to the United Kingdom. She joined us for Perspective.
11 Sep
Talking Europe hosts Pascal Lamy, co-ordinator of the Jacques Delors institutes, and a distinguished former head of the World Trade Organization and former EU Trade Commissioner. We discuss great power competition in today's world; the EU’s influence when it comes to global trade and regulation; the critical importance of Africa to Europe; and climate adaptation in the light of Lamy’s role as a member of the Climate Overshoot Commission.