Rishi Sunak’s prediction turned out to be true, PM Liz Truss took a U-turn on the promise made in the elections.
Finance minister reverses his statementThe month-old government of Liz Truss in Britain has had to withdraw its move amid protests. In order to garner support in the Conservative Party, the Truss had assured the people of the inflation-hit country a cut in income tax. As soon as he lowered the income tax ceiling in line with this announcement, the market became unbalanced and the...