Liz Truss comments on failure tax policy, for first time
Liz Truss has said she was never given a “realistic chance” to implement her radical tax-cutting agenda by her party. In a 4,000-word essay in the Sunday Telegraph, Ms Truss…
Chancellor dashes home early from US amid tax U-turn chaos
Kwarteng has dramatically cut short his visit to the International Monetary Fund, flying home early from Washington in response to the mounting political crisis over his tax-cutting budget. Adding to…
Liz Truss is refusing to back down on tax-cutting
Liz Truss has admitted that she “should have laid the ground better” for the government’s tax-cutting mini-budget after the pound slumped to a record low. The prime minister said she…
Liz Truss justifies the chancellor’s risky moves amid likely crisis
The Labour leader, Sir Keir Starmer, has called for the recall of parliament to address the financial crisis. He urged the government to abandon the mini-budget measures which triggered the…
New government is making historic tax cuts in the UK
Britain’s new finance minister Kwasi Kwarteng unleashed historic tax cuts and huge increases in borrowing on Friday in an economic agenda that floored financial markets, with sterling and British government…