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Britain reverses its stance on the tax cut for the wealthy following harsh criticism and the decline of the pound.
Just 10 days after a debt-driven budget caused market turbulence and drew harsh condemnation during a cost-of-living crisis, Britain on Monday abandoned plans to lower its top income tax rate.
Finance Minister Kwasi Kwarteng tweeted on the second day of the annual conference of the ruli...
FRANCE TO REDUCE BUSINESS TAXES
HIGHLIGHTS
- Due to coronavirus, France and many other countries had to declare lockdown to contain the spread of virus.
- Long lockdowns put economies in shambles.
- Many businesses had to stop operations.
- Now French government is pla...