Breaking News: U.K. reverses course on fiscal plan that rattled markets - HOT AIR BALLOON FLIGHT

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Breaking News: U.K. reverses course on fiscal plan that rattled markets

BREAKING NEWS

Prime Minister Liz Truss of Britain replaced her finance minister and announced a stark shift in tax policy in an attempt to calm markets.

Friday, October 14, 2022 10:36 AM ET

The reversal follows three weeks of turmoil after Ms. Truss's administration announced a tax plan that sent the pound plunging and government borrowing costs soaring.

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