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New U.K. Treasury chief: Mistakes were made, tax rises coming

Por: MarketWatch Business October 15, 2022

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Truss on Friday fired Kwarteng and ditched her pledge to scrap a planned increase in corporation tax as she sought to hang on to her job — after just six weeks in office. Truss, a free-market libertarian, had previously insisted that her tax-cutting plans were what Britain needs to boost economic growth. But a “mini-budget” that she and Kwarteng unveiled three weeks ago, which promised 45 billion pounds ($50 billion) in tax cuts without... + full article



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