The UK economy is in jeopardy, but it needs much more than a turnaround

British Prime Minister Liz Truss is at risk of sending Britain’s economy into the abyss. Chancellor Kwasi Kwarteng’s latest £45bn mini-budget for tax cuts, just step on the gas. His humiliating change of heart this week on the proposed scrapping of the top income tax rate of 45 percent for higher earners has done little to change the course of travel.

or the whole political drama of the reversal of the tax cuts for high earners, it accounted for just £2 billion, which amounted to a £45 billion tax cut budget. From today’s perspective, the rest remains “uncovered”.

https://www.independent.ie/opinion/comment/the-uk-economy-is-in-peril-but-it-needs-far-more-than-a-u-turn-42049564.html The UK economy is in jeopardy, but it needs much more than a turnaround

Fry Electronics Team

Fry Electronics.com is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@fry-electronics.com. The content will be deleted within 24 hours.

Related Articles

Back to top button