The Liz Truss Economic Plan to Save Britain

Business in the UK resumes this week after the Queen’s mourning period Elizabeth IIand new prime minister Liz Truss seems set for a strong start. Press leaks point to several key policy announcements, culminating in a new tax cut plan on Friday. Their reckoning is that the Tories need an economic recovery to get their groove back.

Ms Truss will reverse a 2.5 percentage point increase in payroll taxes imposed by predecessor Boris Johnson and freeze the top corporate tax rate at 19%, rather than raising it to 26% as Mr Johnson intended. You and the new chancellor Kwasi Kwarteng In addition, certain environmental taxes on household energy bills will be abolished.

https://www.wsj.com/articles/the-liz-truss-plan-to-save-britain-tax-cuts-u-k-kwasi-kwarteng-economy-11663708479 The Liz Truss Economic Plan to Save Britain

Alley Einstein

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