epa10221180 Britain's Business, Energy and Industrial Strategy Secretary Jacob Rees-Mogg (R) arrives for the Conservative Party Conference in Birmingham, Britain, 03 October 2022. The government announced a U-turn on scrapping the 45p tax rate, which is paid by people earning over 150,000 British pound (171,080.80 euro) a year, following a week of market turmoil and the British pound going historic low against the US dollar. EPA/TOLGA AKMEN