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‘No More Distractions,’ Says UK’s Kwarteng After Tax U-Turn

UK Chancellor of the Exchequer Kwasi Kwarteng sought to reassure jangled nerves in his ruling Conservative party with a pledge to deliver on the government’s economic strategy just hours after making a humiliating U-turn on a plan to cut taxes for top earners.

IMF Chief Says Truss Reversal of Tax Cut Is ‘Good Decision’

The move by Prime Minister Liz Truss’s government to abandon a tax cut for top earners in the UK is a “good decision,” the International Monetary Fund’s top official said, days after the original plan drew stinging criticism from the global crisis lender.

UK Shadow Chancellor Sees 'Consequences' in Tax Plan

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