BBCNEWS World Business Report July 7, 2024
struggling with symptoms. let's start here in the uk, where the new chancellorjeremy hunt has ditched almost all of prime minister liz truss�* tax cuts announced in the government's mini—budget three weeks ago. the financial markets reacted positively to the news, with the pound rising against the us dollar and uk gilts falling. in total £32 billion of the £45 billion in tax cuts have been shelved, these include... the planned 1p cut in the basic rate of income tax is now on hold indefinitely, with the rate remaining at 20%. the cap on energy prices charged to households is now...