Friday, 14 October 2022 British Prime Minister Liz Truss has abandoned a planned cut to corporation tax, scrapping a key part of an economic plan that sparked weeks of market and political turmoil. Truss said at a hastily arranged news conference Friday that she was acting to “reassure the markets of our fiscal discipline”.
Liz Truss, UK Prime Minister: "We need to act now to reassure the markets of our fiscal discipline. I have therefore decided to keep the increase in corporation tax that was planned by the previous government. This will raise 18 billion pounds per year. It will act as a down payment on...
Embattled UK Prime Minister Liz Truss fired Finance Minister Kwasi Kwarteng this Friday morning, amid market turmoil. She has replaced him with Jeremy Hunt, the fourth Finance Minister in four months...
UK Finance Minister , Kwasi Kwarteng Is Fired.
CNBC reports that after less than six weeks
of being the British finance minister,
Kwarteng has been asked to step down.
The economic environment has..
Credit: Wibbitz Top Stories Duration: 01:31Published
Prime Minister Liz Truss has confirmed corporation tax will rise from 19% to 25% next year as set out by the previous government. The news comes as Truss dismisses Kwasi Kwarteng as Chancellor to make..
Friday, 14 October 2022
![British PM Truss fires finance minister, backtracks on corporate tax rate [Video]](https://video.newsserve.net/300/v/20221014/1665769598-British-PM-Truss-fires-finance-minister-backtracks-on.jpg)
![UK Finance Minister Kwasi Kwarteng Is Fired [Video]](https://video.newsserve.net/300/v/20221014/1341916248-UK-Finance-Minister-Kwasi-Kwarteng-Is-Fired.jpg)
![Truss confirms corporation tax increase [Video]](https://video.newsserve.net/300/v/20221014/1341911346-Truss-confirms-corporation-tax-increase.jpg)
