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‘What a day’: U.K. finance minister addresses tax cut controversy
NBC News Clone summarizes the latest on: U K Finance Minister Kwasi Kwarteng Jokes About Tax Cut U Turn 149785669602 - Breaking News | NBC News Clone. This article is rewritten and presented in a simplified tone for a better reader experience.
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Speaking at the Conservative Party conference, Kwasi Kwarteng joked that his proposed tax cut for high earners had “caused a little turbulence.” Despite being forced into a U-turn on that policy, he insisted that fiscal responsibility and lower taxes would bring about economic growth.Oct. 3, 2022