Home > UK PM Truss says government will U-turn and raise corporation tax

News
UK PM Truss says government will U-turn and raise corporation tax

Description

Having sacked her close ally Chancellor Kwasi Kwarteng after a mini-budget which spooked the financial markets as a result of its unfunded tax cuts, United Kingdom Prime Minister Liz Truss confirms that her government will perform a drastic U-turn on its previous commitment not to raise corporation tax. "We need to act now to reassure the markets of our fiscal discipline. I have therefore decided to keep the increase in corporation tax that was planned by the previous government," the under-fire PM says. IMAGES

Added on the 14/10/2022 15:47:31 - Copyright : AFPTV - First images

To customise your video :

Generic export code

More videos on the subject

Outgoing UK PM Liz Truss enters and leaves Buckingham Palace

UK Prime Minister Liz Truss arrives at Buckingham Palace to tender her resignation to King Charles III before leaving to make way for the new British Prime Minister Rishi Sunak to be officially appointed. IMAGES

25/10/2022 - AFPTV - First images
UK PM Truss says 'absolutely determined' to deliver economic growth plan

British Prime Minister Liz Truss insists she would push ahead with her contentious programme to boost sluggish economic growth, despite market turbulence and sacking her finance minister. Truss says she is "absolutely determined to see through what I have promised to deliver, a higher growth, more prosperous United Kingdom", even after being forced to climb down on key parts of the plan. SOUNDBITE

14/10/2022 - AFPTV - First images
New UK PM Truss says she will 'take action this week' on energy crisis

New British Prime Minister Liz Truss says she will "take action this week" on the energy crisis in the United Kingdom, as Britons tighten their belts in response to double-digit inflation and soaring energy costs. SOUNDBITE

06/09/2022 - AFPTV - First images
Outgoing UK PM Johnson vows to support successor Truss 'every step of the way'

Addressing the press outside 10 Downing Street, outgoing British Prime Boris Johnson praises the Conservative government for what it has achieved in his time in office and vows to support his successor Liz Truss 'every step of the way'. Johnson, who was forced to quit after losing the support of dozens of his ministers, will jet off to northeast Scotland to formally tender his resignation to Queen Elizabeth II. SOUNDBITE

06/09/2022 - AFPTV - First images
French farmers watch from blockade as PM delivers speech to parliament on TV

Farmers listen live to French Prime Minister Gabriel Attal giving his general policy statement at the National Assembly, from a motorway blockade near Villabe in Paris outskirts. (COMPLETE VIDI34H939T_EN, VIDI34H93A6_EN, VIDI34H82TM_EN) IMAGES

30/01/2024 - AFPTV - First images