In dramatic reversal, U.K. scraps plan to cut taxes for the highest earners that sent pound crashing

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Oct 03, 2022 In dramatic reversal, U.K. scraps plan to cut taxes for the highest earners that sent pound crashing Faced with a growing political rebellion after days of economic chaos, Britain's prime minister of less than a month said early Monday she was abandoning a signature plan to cut taxes for the country's highest earners. The dramatic reversal comes just hours after Liz Truss defiantly defended the tax cut and her broader radical economic agenda, saying it was necessary to solve the country's long-term economic woes. Read More Follow Us Get the NBC News Mobile App Check out all NBC News newsletters here. 30 Rockefeller Plaza New York, NY 10112 View in browser | Unsubscribe | Contact | Privacy