UK reverses bulk of September tax-cutting package to calm markets

The 1.25-percentage-point increase in dividends tax will remain and the VAT-free (value-added tax) shopping scheme for foreign visitors to the country will no longer be taken forward, Xinhua news agency reported.  

UK reverses bulk of September tax-cutting package to
Investors are concerned the tax-cuttinhat tg measures will ramp up public borrowing. {Source: Reuters}

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