UK PM Truss Says 'No Shame' in U-Turn on Cutting Highest Income Tax Rate

Cutting the Additional Rate to the 45p-in-the-pound Higher Rate paid on earnings from £50,000 to £150,000 was announced in last week's mini-budget statement by Chancellor of the Exchequer Kwasi Kwarteng — who admitted on Monday that it had caused 'a little turbulence' in the currency and bond markets.