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Coverage dated October 2, 2022

In major reversal, U.K. scraps tax cut for wealthy that sparked market turmoil

Headline from CBS News

It was a major reversal by the new British government. Reducing taxes for top earners while millions face soaring inflation was widely seen as politically toxic.

CBS News's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

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Reports & sources

26 articles, oldest first.

  1. MyNorthwest

    UK scraps tax cut for wealthy that sparked market turmoil (opens MyNorthwest)

    Published

    MyNorthwest's feed description

    BIRMINGHAM, England (AP) -- The British government on Monday dropped plans to cut income tax for top earners, part of a package of unfunded cuts unveiled

  2. CBS News

    In major reversal, U.K. scraps tax cut for wealthy that sparked market turmoil (opens CBS News)

    Published

    CBS News's feed description

    It was a major reversal by the new British government. Reducing taxes for top earners while millions face soaring inflation was widely seen as politically toxic.

  3. Los Angeles Times

    In striking U-turn, Britain scraps tax cut for wealthy that helped spark market turmoil (opens Los Angeles Times)

    Published

    Los Angeles Times's feed description

    The British government has dropped plans to cut income tax for top earners

  4. NPR

    The UK scraps a proposed tax cut for wealthy that sparked market turmoil (opens NPR)

    Published

    NPR's feed description

    The tax cut was part of a package of unfunded cuts unveiled only days ago that sent the pound to record lows and was widely seen as politically toxic.

  5. Wyoming Public Media

    The UK scraps a proposed tax cut for the wealthy that sparked market turmoil (opens Wyoming Public Media)

    Published

    Wyoming Public Media's feed description

    The tax cut was part of a package of unfunded cuts unveiled only days ago that sent the pound to record lows and was widely seen as politically toxic.

  6. FOX Business

    UK government drops plans for tax cut on wealthy that prompted turmoil on financial markets (opens FOX Business)

    Published

    FOX Business's feed description

    In a stunning reversal, Britain's Conservative government dropped a key part of the tax cuts package that sparked outrage, market turmoil and sent the pound plunging.

Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.

In major reversal, U.K. scraps tax cut for wealthy that sparked market turmoil | Since Then