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Evening Standard
Evening Standard

Liz Truss U-turns on corporation tax after Kwasi Kwarteng sacked

Liz Truss Kwasi Kwarteng Jeremy Hunt Chris Philp Edward Argar Downing Street International Monetary Fund Washington D.C.

Liz Truss tore up the mini budget with an £18 billion corporation tax U-turn after sacking Kwasi Kwarteng as Chancellor on Friday.

The reversal came as the prime minister held a press conference after a tumultuous day where she sacked Mr Kwarteng, one of her closest allies, and appointed Jeremy Hunt as Chancellor his place.

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