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CBS Broadcasting Inc., commonly shortened to CBS (an abbreviation of its original name, Columbia Broadcasting System), is an American commercial broadcast television and radio network serving as the flagship property of the CBS Entertainment Group division of Paramount Global and is one of the company's three flagship subsidiaries, along with namesake Paramount Pictures and MTV.
The 50% top rate of income tax was reduced to 45% by the Conservative–Liberal Democrat coalition. [177] Alongside a reduction in tax and commitments to keep taxation low, the Conservative Party has significantly reduced government spending, through the austerity programme which commenced in 2010, subsequent to the 2007–2008 financial crisis .
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