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Liz Truss U-turns on plan to scrap corporation tax increase
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fnlondon.comPrime minister Liz Truss announced a U-turn on the government’s plans to cut corporation tax, shortly after installing new chancellor Jeremy Hunt.
In a tense day leading up to the confirmation amid widespread pressure on the government to wind back £43bn in unfunded tax cuts, Kwasi Kwarteng rushed back from IMF talks in Washington and confirmed via a tweet he would stand down from the lead position in the Treasury.
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Read more on fnlondon.comAbout this in other media
Liz Truss administration on the brink as Conservative Party turmoil deepens fnlondon.com /2 years ago
U.K. Prime Minister Liz Truss Battles to Hang On After Budget U-Turn wsj.com /2 years ago
Jeremy Hunt welcomed by Tories as he tears up Liz Truss’s fiscal plan theguardian.com /2 years ago
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