UK Scraps Payroll and Dividend Tax Rises in 'Pro-Business' Plan.

(Bloomberg) -- UK Chancellor of the Exchequer Kwasi Kwarteng scrapped planned increases in taxes on dividends and worker pay, the first part of what Prime Minister Liz Truss has called an "unashamedly pro-business" agenda. An equivalent plan to boost the dividend tax will be canceled from next April. UK Scraps Payroll and Dividend Tax Rises in "Pro-Business" Plan. [Extracted from the article]

Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)