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U-turn on the top rate of tax

Posted 3/10/2022

Facing huge criticism and market turbulence following his announcement of a series of “growth” measures, Chancellor Kwasi Kwarteng has backtracked on his decision to abolish the 45p rate of income tax paid by people earning more than £150,000 a year.

For the income tax rates published but the Government, please see https://www.gov.uk/income-tax-rates

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