UK government U-turns on plan to scrap 45% tax rate for highest earners

BUSINESS DAILY © FRANCE 24

Just ten days after presenting his controversial mini-budget, UK Finance Minister Kwasi Kwarteng has had to retract one of its key features. Those with annual incomes above £150,000 will not see their taxes cut in the end. The U-turn comes after days of market turmoil and political pressure. Also in the show: as Berlin seeks to wean itself off Russian gas, our correspondents visit the country's first floating Liquefied Natural Gas terminal.