struggling with symptoms. let s start here in the uk, where the new chancellorjeremy hunt has ditched almost all of prime minister liz truss tax cuts announced in the government s mini budget three weeks ago. the financial markets reacted positively to the news, with the pound rising against the us dollar and uk gilts falling. in total £32 billion of the £45 billion in tax cuts have been shelved, these include. the planned 1p cut in the basic rate of income tax is now on hold indefinitely, with the rate remaining at 20%. the cap on energy prices charged to households is now only guaranteed until april next year. for a typical household, it means an annual bill will not rise above £2,500 for the next six months. but plans to cancel the 1.25% increase in national insurance contributions will still go ahead, along with a reduction in stamp duty, and the cap on bankers bonuses will still be scrapped. joining me now is chris southworth, who s the secretary general of the uk i
This is bbc news with the latest business headlines for viewers in the uk and around the world. tax changes to boost business have been scrapped by the new chancellor we get reaction from the business community asjeremy hunt performs almost a full u turn ripping up most of liz truss economic plans. kanye west buys the right wing social media platform parler, after being banned by twitter and instagram for posting controversial messages. the pandemic backlog frustration for thousands of indian tech workers, as covid grinds us visa applications to a halt. and it s world menopause day we take a look at the impact it has on millions of working women, with calls for more assistance for those
This is bbc news with the latest business headlines for viewers in the uk and around the world. tax changes to boost business have been scrapped by the new chancellor we get reaction from the business community asjeremy hunt performs almost a full u turn ripping up most of liz truss economic plans. kanye west buys the right wing social media platform parler, after being banned by twitter and instagram for posting controversial messages. the pandemic backlog frustration for thousands of indian tech workers, as covid grinds us visa applications to a halt. and it s world menopause day we take a look at the impact it has on millions of working women, with calls for more assistance for those