UK’s Kwarteng: Will not go ahead with plan to scrap 45% income tax rate
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UK Finance Minister Kwasi Kwarteng confirmed earlier reports, noting that his government will not go ahead with a plan to scrap a 45% rate of income tax.
GBP/USD has given away a part of the latest gains on Kwarteng’s confirmation, currently trading at 1.1200, still up 0.35% on the day.
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