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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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  • 54% of the sources are Center
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Bloomberg broke the news in United States on Thursday, September 22, 2022.
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