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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.
2 months ago·London, United Kingdom

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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.

2 months ago·Toronto, Canada
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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

2 months ago·India
Read Full Article
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