UK's new govt makes major tax U-turn after uproar
The perceived unfairness of the package had ignited a political storm, with senior Tory MPs refusing to confirm they would support it in parliament
PREMIUM World
Britain's Chancellor of the Exchequer Kwasi Kwarteng (L) and Britain's Prime Minister Liz Truss (R) attend the opening day of the annual Conservative Party Conference in Birmingham on Sunday.
By NewVision Reporter
Journalists @NewVision
Britain's beleaguered finance minister on Monday announced a dramatic U-turn on a tax cut announced as part of an economic package that has bombed with the markets, electorate and his