UK finance minister Kwasi Kwarteng speaks during a session in parliament. File photo
On the second day of the ruling Conservative Party's annual conference, finance minister Kwasi Kwarteng tweeted he was "not proceeding" with the removal of the top 45-percent income tax rate, adding it had become a "distraction".
The announcement also marked the first major policy U-turn under British Prime Minister Liz Truss, who took office less than one month ago.
"It is clear that the abolition of the 45p tax rate has become a distraction from our overriding mission to tackle the challenges facing our country. As a result, I'm announcing we are not proceeding with the abolition of the ... rate.
British Prime Minister Liz Truss speaks during an event. File photo
"We get it, and we have listened."
The announcement also came after former cabinet ministers Grant Shapps and Michael Gove voiced opposition over unfunded tax cuts unveiled by Kwarteng in his controversial mini-budget on September 23.
Kwarteng had proposed to remove the 45-percent rate applied to Britons earning more than £150,000 ($167,400) per year.
The so-called mini budget had sent the pound plunging to a record dollar low and sent bond yields spiking on fears of a borrowing splurge.
The budget included a costly freeze on energy bills for individuals and businesses, in an attempt to cushion fallout from key gas producer Russia's invasion of Ukraine.
European Commission President Jean-Claude Juncker said on Wednesday it was unlikely the European Union would reach any decision on Brexit at this week’s summit in Brussels.
As the United Kingdom's three-year Brexit crisis spins towards its finale, it is still uncertain how, when or even if it will leave the European Union, though May hopes to bring her deal back to parliament later this week.
"It is with great regret that I have had to conclude that as things stand, there is still not sufficient support in the House to bring back the deal for a third meaningful vote," May told the House of Commons.
The embassy came under attack on Friday with gunfire wounding a Pakistani security guard, officials said, in what Islamabad called an attempt to assassinate its head of mission, who was unhurt.
An Indian expat with the ticket number 206975 has won Dhs30 million in Abu Dhabi Big Ticket’s one of the biggest ever raffle draw on Saturday.
"I commend the United Arab Emirates for the historic cooperation with Israel forged over the past two years through the Abraham Accords," said Antony Blinken, US Secretary of State, in a press statement on Friday.
The celebrations were attended by the Centre's staff and a broad multicultural segment of the mosque's worshippers and visitors, which reflected the rich Emirati heritage and noble values, and highlighted the mosque's message that calls for cross-cultural dialogue worldwide.