LONDON (Reuters) – Britain’s opposition Labour Party said on Monday the government had destroyed its economic credibility and damaged trust in the British economy, after a U-turn on plans to abolish the highest rate of income tax.
“This is not over – it’s not just some distraction,” Labour’s finance spokesperson Rachel Reeves said in a statement. “They need to reverse their whole economic, discredited trickle down strategy.”
(Reporting by Kylie MacLellan, writing by Muvija M)
