BIRMINGHAM: Britain’s beleaguered finance minister on Monday announced a dramatic U-turn on a tax cut announced as part of an economic package that has bombed with the markets, electorate and his party.The change of course by Chancellor of the Exchequer Kwasi Kwarteng, and by Prime Minister Liz Truss, raised questions about their right-wing project less than a month after she succeeded Boris Johnson.“We get it, and we have listened,“ Kwarteng said on Twitter, announcing that he would no longer be scrapping the 45 percent top rate of income tax levied on the highest earners.Their plan also comprises lifting a cap on bankers’ bonuses and reversing a planned rise in corporation tax as well as a
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