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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…

UK government has no intention of cutting taxes – Jeremy Hunt

Jeremy Hunt has warned it is “unlikely” that there will be room for any “significant” tax cuts in the Budget. The chancellor has been under pressure recently from some in…

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…

U.S. wants to persuade Liz Truss to abandon tax cuts

The Biden administration is alarmed over the market turmoil triggered by the new UK government’s economic program and is seeking ways to encourage Prime Minister Liz Truss’s team to dial…

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…