UK’s reversing course on tax-cut lifts sentiment
The rand traded at its strongest level in almost two weeks on Tuesday, firming with emerging-market currencies
04 October 2022 – 11:19
The JSE was firmer on Tuesday morning, along with its global counterparts as markets welcomed a U-turn on Britain’s controversial tax-cut plan.
Prime Minister Liz Truss dropped a plan to cut taxes for the UK’s highest earners, just 10 days after it formed a key part of the mini-budget that sent markets there into a tailspin. ..
Source: businesslive.co.za
