Liz Truss was today accused of leading the government into “utter chaos” as rumours swirled around Westminster of a further U-turn on her mini-Budget package – with a backtrack on corporation tax looking increasingly likely.
The prime minister last month cancelled a planned rise in the tax on company profits from 19p to 25p, but reports in The Sun and newswire Bloomberg today suggested this could be fully or partially ditched in response to intense pressure from markets and angry Conservative MPs.
