The UK government today canceled a controversial plan to cut the tax rate for the wealthiest people after the proposal sparked a huge backlash and turmoil in financial markets. It's a major setback for new Prime Minister Liz Truss and Finance Minister Kwasi Kwarteng. Joining us to discuss what went wrong is Kallum Pickering, senior economist at Berenberg Bank.

<p>The UK government today canceled a controversial plan to cut the tax rate for the wealthiest people after the proposal sparked a huge backlash and turmoil in financial markets. It's a major setback for new Prime Minister Liz Truss and Finance Minister Kwasi Kwarteng. Joining us to discuss what went wrong is Kallum Pickering, senior economist at Berenberg Bank.</p>

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