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The Independent UK
The Independent UK
National
Anna Isaac,Andrew Woodcock and Adam Forrest

‘Desperate’ Liz Truss set to U-turn on corporation tax this weekend

Liz Truss Kwasi Kwarteng George Osborne International Monetary Fund Ed Balls Ed Davey Kristalina Georgieva Rachel Reeves ​​Rishi Sunak Bank of England
PA

Liz Truss is poised to tear up further elements of Kwasi Kwarteng’s disastrous mini-Budget, with a U-turn on corporation tax expected as early as this weekend.

Discussions were understood to be taking place in 10 Downing Street on a means to avoid fresh market panic after the Bank of England withdraws its emergency bond-purchasing scheme at the end of trading on Friday.

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