Maintains the corporate tax increase announced by the previous administration
Oct. 14 () –
The Prime Minister of the United Kingdom, Liz Truss, has corrected this Friday the fiscal plan presented in September, admitting that it was going “further” and “faster” than the markets expected, within a context that she has described as “difficult ” and that has also led to the dismissal of the head of Finance, Kwasi Kwarteng.
Truss has separated Kwarteng, “a great friend” with whom he shared his political “vision”, to counteract the controversy generated by a tax cut plan worth 45,000 million pounds that did not convince either the financial environment or the political and which, in currency terms, has put the pound on the ropes.
Truss was already forced to withdraw in a matter of days the proposal to reduce the income tax for large fortunes from 45 to 40 percent and this Friday, in an appearance before the media, she confirmed that she will maintain the increase in income tax. companies –from 19 to 25 percent– that the previous government, led by Boris Johnson, had agreed to.
The prime minister has defended “fiscal discipline” and the need to move forward in reducing taxes while trying to consolidate “high” growth. “I am completely determined to advance what I promised”, she said, during a press conference in which she recalled that she had already presented herself with these promises under her arm to the ‘tories’ primaries.
He has admitted that he could have moved “faster” and tried to go “further” than was expected. “I want to be honest, this is hard. But we will weather this storm and deliver strong, sustained growth that can transform our country’s prosperity for generations to come,” she said.
