UK’s Liz Truss scraps tax cuts plan after market chaos
Fox News
U.K. Prime Minister Liz Truss backed down on plans to cut taxes for the country's wealthiest bracket Monday. Support for her government is plummeting in the polls.
She nevertheless backed down on the plan with a Monday tweet. Send tips to Anders.Hagstrom@Fox.com, or on Twitter: @Hagstrom_Anders
"We get it and we have listened," she wrote. "The abolition of the 45pc rate had become a distraction from our mission to get Britain moving. Our focus now is on building a high growth economy that funds world-class public services, boosts wages, and creates opportunities across the country."
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