Liz Truss reasserts low tax agenda, sparking fears for net zero spending

Michael Holder
clock • 6 min read
Credit: Andrew Parsons / No 10 Downing Street
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Credit: Andrew Parsons / No 10 Downing Street

PM replaces Chancellor and reverses plans to abolish 45p corporation tax rate, but experts warn spending cuts likely still needed to fill hole left by remaining uncosted tax cuts

Liz Truss has signalled real-terms spending cuts could be the way as the embattled Prime Minister confirmed a screeching fiscal policy U-turn and the sacking of her Chancellor Kwasi Kwarteng this afternoon,...

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