ONE of Liz Truss’s ministers has said “anyone paying attention” to the Tory leadership election would know she had planned to cut taxes.
The reform, which would see the top rate of tax scrapped and the basic rate cut to 19p in the pound, spooked the financial markets, sending the pound to its lowest level against the dollar.
Sterling rebounded to 1.12 dollars on Friday morning – shy of the 1.13 seen before the announcement.
