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The Independent UK
The Independent UK
National
Sophie Wingate

Liz Truss’s history of U-turns prior to major reversal on corporation tax

Liz Truss Tory Kwasi Kwarteng
PA Wire

Liz Truss announced a major U-turn on corporation tax after sacking Kwasi Kwarteng as Chancellor in an effort to reassure markets spooked by the unfunded mini-budget tax cuts.

Admitting she had to change course, the Prime Minister on Friday reversed a key policy to scrap the planned rise in corporation tax from 19% to 25%.

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