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Announced the biggest tax cuts for half a century. this is the first unveiling of economic plans under the new uk government led by liz truss. among the measures, the higher rate of income tax of 45% is to be abolished. a planned rise in corporation tax from i9% to 25% has been cancelled — that's the tax businesses pay on their profits. and the rules which cap bankers�* bonuses to twice their annual salary have been scrapped. but the markets have not reacted well and the pound fell to a 37—year low against the dollar. it fell more than 3% against the dollar, dropping below $1.09. the opp...

The stakes in a major way that sort of minimises the possibility that there could be a sort of political settlement of the conflicts going forward. it is linked to the mobilisation, it is not direct, i would say, it is more are throwing down of the political gauntlet and a raising of the stakes, potentially also to increase the view in western capitals that it brushes going to treat these areas like parts of russia, than the risk of escalation grows.- escalation grows. samuel charap. _ escalation grows. samuel charap, thank _ escalation grows. samuel charap, thank you - escalation grows. samue...

Goldman sachs, forecasting today a recession is not only inevitable. they said the question isjust inevitable. they said the question is just the timing, magnitude or the length of such a global recession.— a global recession. david, thank yom _ here in the uk, the government has taken steps to boost the economy, with plans for the biggest tax cuts for half a century. among a package of measures announced on friday, the higher rate of income tax of 45% is to be abolished. a planned rise in corporation tax from i9% to 25% has been cancelled, that's the tax businesses pay on their profits. and...

Confirm — on savings. so i can therefore confirm that the next year's planned increase _ confirm that the next year's planned increase in _ confirm that the next year's planned increase in corporation tax will be cancelled — increase in corporation tax will be cancelled. the corporation tax rate will not _ cancelled. the corporation tax rate will not rise — cancelled. the corporation tax rate will not rise to 25%, it will remain at i9% _ will not rise to 25%, it will remain at i9% and — will not rise to 25%, it will remain at 19% and we will have the lowest rate at19% and we will have ...

Really— that was my plan and i made it really fast. well as the war in ukraine has caused a rise in energy prices and impacted the cost of living in many parts of the world — here in the uk, the finance minister kwasi kwarteng has announced the biggest tax cuts for half a century. this is the first unveiling of economic plans under the new uk government led by liz truss. among the measures, the higher rate of income tax of 45% is to be abolished. a planned rise in corporation tax from i9% to 25% has been cancelled — that's the tax businesses pay on their profits. and the rules which cap ...