UK recession looms after Liz Truss's growth program backfires
Hunt warns of more difficult decisions on both tax, spending as Truss tries to curb debt
Source: gulfnews.com
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Britain's Failed Tax Experiment Will Leave Economic Scars and Credibility Issues, Analysts Say
“Once fiscal credibility is lost, it’s very hard to regain,” a leading think tank told CNBC.
Source: nbcdfw.com
Sir Rocco Forte threatens to quit Britain over Truss's tax U-turn
The hotelier says Tories are transforming into 'soft Labour' and warns that the anti-growth coalition has won
Source: telegraph.co.uk
UK's biggest tax cuts since 1972 trigger crash in pound, bonds
Liz Truss’s new UK government delivered the most sweeping tax cuts since 1972, slashing levies on rich households and companies in a bid to boost economic growth in a move that triggered a massive market selloff of the currency and bonds.
Source: news24.com
Martin Lewis brands statement 'staggering' as IEA hails 'boost up budget'
The dramatic 'Emergency Budget' saw the biggest assault on the tax burden since 1972, the Chancellor abolished the 45p top rate for around 660,000 people earning over £150,000.
Source: dailymail.co.uk