7 December 2022

Can Truss’s tax cut U-turn restore financial stability in the UK? | Counting the Cost



Just a few days ago, Britain’s new prime minister was confident she would be able to kick-start economic growth by cutting taxes. Yet the country is still on course for a recession. Faced with market turmoil and criticism from within her Conservative Party, Liz Truss was forced to scrap plans to remove the 45 percent top income tax rate on high earners. The U-turn is being seen as a humiliating about-face that leaves Truss’s economic policy and premiership in crisis. Elsewhere, another wake-up call on the cost of climate change from Hurricane Ian. And we speak to Boeing's vice president. Subscribe to our channel http://bit.ly/AJSubscribe Follow us on Twitter https://twitter.com/AJEnglish Find us on Facebook https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/ @AljazeeraEnglish #Aljazeeraenglish #News
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