U.K. Ditches Tax Cuts For Richest Amid Growing Backlash And Market Mayhem

Contributing sentiments towards policy:

47% : The announcement came as a shock to many, including members of Truss' cabinet, and no mention of it was made during Truss' lengthy campaign for party leadership or when she was elected to Parliament under Boris Johnson's leadership in 2019, who pledged to raise public spending, end widespread cuts to spending and "get Brexit done."
43% : Kwarteng told the BBC he and Truss made the decision to cut income tax together -- contrasting with Truss' statement on Sunday that the finance chief acted alone -- and similarly made the decision to walk it back together.
43% :Truss has hinted at further public spending cuts to help fund her government's fiscal policies, which the government insists will spur growth.
29% : The U.K. government on Monday said it was dropping controversial plans to scrap the highest rate of income tax for high earners, an embarrassing u-turn for Prime Minister Liz Truss after the policy drew international condemnation, roiled markets and pushed the pound to record lows.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.