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UK scraps corporate tax hike, lifts cap on banker bonuses

Summary by Ground News
The U.K. government on Friday scrapped planned corporate and individual tax hikes and removed a cap on bankers’ bonuses in contentious bid to boost the faltering economy. Kwarteng’s predecessor, Rishi Sunak, imposed the increase to pay for social care and a backlog in the public health service.
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9 days ago·London, United Kingdom

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Times of IndiaTimes of India

UK slashes personal, corporate taxes in bid to spur growth

The government's two-pronged approach offers short-term help for homes and businesses struggling with soaring energy costs while betting that lower taxes and reduced red tape will spur economic growth and increase tax revenues in coming years.

9 days ago·Mumbai, India
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BBC NewsBBC News

Chancellor Kwasi Kwarteng hails 'new era' as he unveils tax cuts

The chancellor announces the biggest tax cuts since 1972 in a significant change of policy.

9 days ago·United Kingdom
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ReutersReuters

Britain sends investors fleeing with historic tax cuts and borrowing

Britain's new finance minister Kwasi Kwarteng unleashed historic tax cuts and huge increases in borrowing on Friday in an economic agenda that floored financial markets, sending sterling and British government bonds into freefall.

9 days ago·United Kingdom
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The GuardianThe Guardian

Mini-budget 2022: pound crashes as chancellor cuts stamp duty and top rate of income tax – live

Tax cuts to cost Treasury around £37bn in 2023-24, official figures reveal

10 days ago·London, United Kingdom
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CTV NewsCTV News

U.K. slashes personal, corporate taxes in bid to spur growth

Britain's new government on Friday announced a sweeping plan of tax cuts it said would be funded by borrowing and revenues generated by anticipated growth, as part of contentious moves to combat the cost-of-living crisis and bolster a faltering economy.

9 days ago·Toronto, Canada
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The HinduThe Hindu

U.K. slashes personal, corporate taxes in bid to spur economic growth

The government’s two-pronged approach offers short-term help for homes and businesses struggling with soaring energy costs while betting that lower taxes will spur economic growth

9 days ago·India
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36% of the sources lean Left
HuffPost UK
New Statesman
The Guardian
The Hindu
abc News
Associated Press News
The Washington Post
CBS News
+7
BBC News
Reuters
CTV News
CNBC
RTÉ
KRDO
+8
Times of India
Independent.ie
The Telegraph
The Times
MY Northwest
The Sun
+5
Daily Express
Toronto Sun
L 36%
C 33%
R 31%
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