Business

Truss Faces Mounting Tory Pressure to U-Turn on Her UK Tax Cuts

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A full fiscal reversal is “now our base case,” Mujtaba Rahman, managing director, Europe at Eurasia Group, in a note published Wednesday. A U-turn or delay of more tax cuts now has a 60% probability, with options including a staggered increase in corporation tax and a one-year delay in the cut to the basic rate of income tax, Rahman said.



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