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Spain’s Calvino Says UK Backtracking on Taxes ‘Very Good News’

Oct. 3, 2022, 2:09 PM

Spanish Deputy Prime Minister Nadia Calvino welcomed the UK’s U-turn on a plan to cut taxes for top earners, saying it was about being fair.

“I think it’s very good news that they backtracked, in particular when it comes to the reduction of the taxes on the wealthiest in society,” Calvino said in a Bloomberg Television interview in Luxembourg on Monday. “It really shows it’s not just a matter of financial stability but a matter of fairness.”

Calvino, who is also her country’s finance minister, spoke hours after an embarrassing reversal in Britain that saw Chancellor of the Exchequer Kwasi ...