You are using an older browser version. Please use a supported version for the best MSN experience.

U.K. government drops plan to cut income tax for high earners

The U.K. government is abandoning a plan to cut income taxes for the wealthy. The move was wildly unpopular, and even sent the value of the pound tumbling when it was first announced last month. John Quelch, dean of the Miami Herbert Business School at the University of Miami, joined CBS News' John Dickerson for his analysis.
image beaconimage beaconimage beacon