Truss said she will always act in the national interest. “We will weather this storm,” she added.
The head of government insisted that her policy of lower taxes and high investment incentives was the right one. Truss said the only reason she’s making a reversal is the market, which is annoyed by decisions to cut taxes significantly. “I am determined to keep what I have promised.”
The head of government had previously announced that corporate tax would have to rise from 19 to 25 percent in April, as the previous cabinet had planned. Truss had always promised to withdraw this increase. There are also calls in her Conservative Party for Truss to resign. She was appointed Prime Minister by Queen Elizabeth II on September 6, two days before the monarch’s death.
(SDA)
Source: Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
