Liz Truss reverses plan to scrap rise in
corporation tax in latest U-turn after sacking chancellor and appointing Jeremy
Hunt
Prime minister announces U-turn over corporation
tax after sacking chancellor and appointing Jeremy Hunt
From 15m
ago
14.36 BST
Liz Truss
to raise corporation tax in U-turn
The prime
minister, Liz Truss, is now speaking at the press conference in Downing Street.
Truss has
bowed to intense pressure from Conservative MPs and the markets by scrapping
her signature corporation tax cut from the government’s mini-budget.
She says it
is clear that parts of her government’s mini-budget “went further and faster
than markets were expected”. She says:
So the way
we are delivering our mission right now has to change. We need to act now to
reassure the markets of our discal discipline.
I have
therefore decided to keep the increase in corporation tax tat was planned by
the previous government.
Updated at
14.38 BST
1m ago
14.51 BST
Asked what
credibility she still has to continue as leader, Truss replies that her actions
today have “made sure that we have economic stability in this country”.
As the new
chancellor, Jeremy Hunt is somebody who shares her desire for a high-growth,
low-tax economy, she says.
But we
recognise because of current market issues, we have to deliver the mission in a
different way. That’s why we are absolutely committed to do achieving that
stability or what is a very difficult time globally.
5m ago
14.47 BST
Asked why
she believes she should remain as PM, Truss says she is “absolutely determined”
to see through what she promised when she became leader.
She says
her priority is to deliver the economic stability the country needs.
That’s why
I had to take the difficult decisions I’ve taken today. The mission remains the
same. We do need to raise our country’s economic growth levels. We do need to
deliver for people across the country. We’re committed to delivering on the
energy price guarantee which people are already seeing in their bills. But
ultimately, we also need to make sure that we have economic stability, and I
have to act in the national interest.
Elected by
fewer than 0.2% of voters, British prime minister Liz Truss has a thin mandate
for someone facing such a fat pile of problems: energy, inflation, strikes, the
NHS, recession, climate.
These are
urgent issues for Guardian readers. So every day, we will report on Truss and
her team, vetting her administration for competence, fairness and judgement in
these matters.
Our
editorial independence means we are free to expose the failings of those in
power, and our journalism is always free from commercial and political
influence. And because we believe everyone deserves access to truthful,
trustworthy information, we choose to keep Guardian reporting open and free for
all.
8m ago
14.44 BST
Truss
admits the situation is “difficult”:
I want to
be honest, this is difficult. But we will get through this storm and we will
deliver the strong and sustained growth that can transform the prosperity of
our country for generations to come.
Truss says
she was “incredibly sorry” to lose Kwasi Kwarteng as chancellor, describing him
as a “great friend” who “shares my vision to set this country on the path to
growth’.
She
confirms that she has asked Jeremy Hunt to replace him as the new chancellor of
the exchequer.
Hunt is
“one of the most experienced and widely respected government ministers and
parliamentarians”, she says.
He shares
my convictions and ambitions for our country. He will deliver the medium-term
fiscal plan at the end of this month. He will see through the support we are
providing to help families and businesses, including our energy price
guarantee.
Truss
opened her press conference by saying she has been “ambitious for growth” and
that her convicted was rooted in her personal experiences.
She says
she knows what it’s like “to grow up somewhere that isn’t feeling the benefits
of growth”.
I saw what
that meant. And I’m not prepared to accept that for our country. I want a
country where people can get good jobs, new businesses can set up and families
can afford an even better life.
She insists
that she will “always act in the national interest”, adding:
We will get
through this storm.
Sem comentários:
Enviar um comentário