UK's Truss reverses plan to cut corporation tax
British premier said she was acting to reassure the markets of the government’s fiscal discipline by keeping a planned increase in corporation tax
By AP News
Published - Oct 14, 2022, 12:05 PM ET
Last Updated - Jun 24, 2023, 02:42 AM EDT
Embattled British Prime Minister Liz Truss sacked her
Treasury chief and reversed course on sweeping tax cuts Friday as she tried to
hang on to her job after weeks of turmoil on financial markets.
At a hastily arranged news conference, Truss said she was
acting to "reassure the markets of our fiscal discipline" by keeping
