UK withdraws top income tax rate cut

[London = Azusa Nakanishi] The British government announced on the 3rd that it would withdraw the reduction in the top income tax rate, which was included in the measures, due to the confusion in the British financial market triggered by the economic measures centered on the large-scale tax cuts proposed by the British government. Announced. The centerpiece of the economic measures announced on September 23 was forced to withdraw in just 10 days.
The highest income tax rate in the UK is currently 45%. The British government has announced that it will cut the rate to 40% in April next year in order to attract investment and employment in the financial industry to the UK. There was a series of criticisms from both inside and outside Japan that the move would lead to preferential treatment for the wealthy and would not lead to economic growth.