Higher income tax for the country’s top earners will be abolished as part of Kwasi Kwarteng’s fiscal event, otherwise known as a mini-budget.
The chancellor made the announcement as part of his plans to boost economic growth, a day after the Bank of England warned the UK may already be in a recession.
Other announcements made included the removal of a cap on bankers’ bonuses that was introduced in 2014, limiting bonuses to 200 per cent of salaries, to discourage profit-chasing that critics said triggered the financial crash of 2008.
Watch more on Independent TV: [ Ссылка ]
Like us on Facebook: [ Ссылка ]
Follow us on Twitter: [ Ссылка ]
Follow us on Instagram: [ Ссылка ]
Subscribe to Independent Premium for exclusive content and live events: [ Ссылка ]
