Liz Truss ‘willing to be unpopular PM’ by imposing tax cuts and 'scrapping bankers' bonuses'
Liz Truss has said she is willing to be an unpopular Prime Minister to bring in measures she believes will grow the economy, as she admitted her tax cuts will disproportionately benefit the rich. Ms Truss confirmed she would be reversing the national insurance hike and axing the planned increase to corporation tax, ahead of Chancellor Kwasi Kwarteng’s mini-budget on Friday. The Times reported that Mr Kwarteng is also planning to announce a cut in stamp duty in a further attempt to boost growth – although Downing Street refused to comment. The new Tory leader also effectively confirmed a plan to scrap the cap on bankers’ bonuses as she argued she needs to make “difficult decisions” under her gamble to go for growth. Continue reading: https://www.standard.co.uk/news/politics/joe-biden-prime-minister-new-york-downing-street-the-times-b1026900.html
