Liz Truss has been warned that she could lose support from “red wall” voters in the north after huge tax cuts were announced during the week, by a Tory MP.
Chancellor Kwasi Kwarteng’s so-called “mini-Budget” introduced the biggest package of tax cuts in decades which included the abolition of the top rate of income tax, a cut in the basic rate, a reduction in stamp duty, the cancellation of the National Insurance increase and the scrapping of the rise in corporation tax from 19pc to 25pc.
