{"id":1778,"date":"2022-10-03T17:05:27","date_gmt":"2022-10-03T13:05:27","guid":{"rendered":"https:\/\/polise.az\/en\/?p=1778"},"modified":"2022-10-03T17:05:28","modified_gmt":"2022-10-03T13:05:28","slug":"uks-truss-forced-into-u-turn-on-tax-after-week-of-market-turmoil","status":"publish","type":"post","link":"https:\/\/polise.az\/en\/uks-truss-forced-into-u-turn-on-tax-after-week-of-market-turmoil\/","title":{"rendered":"UK&#8217;s Truss forced into U-turn on tax after week of market turmoil."},"content":{"rendered":"\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/www.reuters.com\/\" target=\"_blank\">Reuters<\/a> reports.British Prime Minister Liz Truss was forced on Monday into a humiliating U-turn after less than a month in power, reversing a cut to the highest rate of income tax that helped spark turmoil in financial markets and a rebellion in her party.<\/p>\n\n\n\n<p>Finance minister Kwasi Kwarteng said the decision to scrap the top rate tax cut had been taken with &#8220;some humility and contrition&#8221;, after his party&#8217;s lawmakers reacted with alarm to a move that favoured the rich during an economic downturn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters reports.British Prime Minister Liz Truss was forced on Monday into a humiliating U-turn after less than a month in power, reversing a cut to the highest rate of income tax that helped spark turmoil in financial markets and a rebellion in her party. Finance minister Kwasi Kwarteng said the decision to scrap the top &hellip;<\/p>\n","protected":false},"author":2,"featured_media":1779,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,7],"tags":[],"class_list":["post-1778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-slider","category-society"],"_links":{"self":[{"href":"https:\/\/polise.az\/en\/wp-json\/wp\/v2\/posts\/1778","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/polise.az\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/polise.az\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/polise.az\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/polise.az\/en\/wp-json\/wp\/v2\/comments?post=1778"}],"version-history":[{"count":0,"href":"https:\/\/polise.az\/en\/wp-json\/wp\/v2\/posts\/1778\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/polise.az\/en\/wp-json\/wp\/v2\/media\/1779"}],"wp:attachment":[{"href":"https:\/\/polise.az\/en\/wp-json\/wp\/v2\/media?parent=1778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/polise.az\/en\/wp-json\/wp\/v2\/categories?post=1778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/polise.az\/en\/wp-json\/wp\/v2\/tags?post=1778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}