tax policy

US officials troubled by controversial UK tax cut plan | CNN Business

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US officials troubled by controversial UK tax cut plan | CNN Business

New York CNN  —  US officials are increasingly troubled by the United Kingdom’s proposal to slash taxes at a time of crushing inflation, a plan that has ignited turbulence in financial markets. UK Prime Minister Liz Truss’s tax-cut plan has drawn criticism from economists and investors and prompted the Bank of England to calm panicked … Read more

The UK is gripped by an economic crisis of its own making | CNN Business

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The UK is gripped by an economic crisis of its own making | CNN Business

London CNN Business  —  A week ago, the Bank of England took a stab in the dark. It raised interest rates by a relatively modest half a percentage point to tackle inflation. It couldn’t know the scale of the storm that was about to break. Less than 24 hours later, the government of new UK … Read more