UK scraps corporation tax hike, lifts cap on bankers’ bonuses

UK scraps corporation tax hike, lifts cap on bankers’ bonuses

LONDON: The UK government on Friday scrapped a rise in corporation tax and lifted the cap on bankers’ bonuses in a controversial bid to boost the faltering economy. Head of Finance Quasi Kwarteng made the announcement at Parliament as he presented a “mini-budget” to lawmakers. The UK government is expected to release an emergency budget … Read more