Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Liz Truss sacks Kwasi Kwarteng in bid to save her own position

by October 14, 2022
October 14, 2022
Liz Truss sacks Kwasi Kwarteng in bid to save her own position

Liz Truss has sacked her chancellor Kwasi Kwarteng and will announce plans to raise corporation tax as she abandons key parts of her mini-budget in a bid to reassure the markets.

A public statement by the prime minister is expected a 2pm today.

The government has been left with little choice but to abandon its plans after the markets priced in a reversal of its position, with sterling responding positively to a series of leaks.

Kwarteng flew back early from Washington overnight. The government is expected to announce plans to increase corporation tax later this afternoon.

One government source said that corporation tax was likely to rise but said it could still be less than the 25 per cent that was planned by the previous government. Other measures in the mini-budget could soon be reversed.

The government is acting to restore market confidence after Kwarteng used his mini-budget to announce £45 billion worth of unfunded tax cuts.

Read more:
Liz Truss sacks Kwasi Kwarteng in bid to save her own position

0
FacebookTwitterGoogle +Pinterest
previous post
TGP’s Larry Johnson Interviewed by RT and Essay On the Economic Pain that Is Coming
next post
EXCLUSIVE – ANDREW WEISSMANN PART V: Weissmann Concealed the FBI’s Source Used in Indictments in the Early 1990’s Was Mafia Hitman Responsible for 50 Murders

You may also like

Fuel Ventures backs PlanningHub’s AI-powered solution to modernise...

February 17, 2025

Tata Steel Workers to Strike for First Time...

June 22, 2024

Key Benefits of Hiring AI Developers for Your...

February 19, 2025

How to repurpose your website to accommodate special...

December 29, 2022

FCA sacks 12 staff over misconduct as regulator...

August 15, 2025

An In-Depth Guide to Choosing a React Native...

May 23, 2024

How Leaflet Distribution Can Drive Local Business Growth

May 27, 2024

Future-Proofing Your SME’s Financial Records (and Your Budget)

May 28, 2025

Winning Big: Tales of Record-Breaking Casino Jackpots

September 20, 2023

Tech leaders debate AI skills shortage in Parliament 

February 20, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Mitchell Geisler on Listening, Leadership and Business Growth

      August 23, 2025
    • 10 key takeaways from DOJ’s release of Ghislaine Maxwell’s Epstein interviews

      August 23, 2025
    • Jackson’s scathing dissent levels partisan charge at colleagues after high-profile ruling

      August 23, 2025
    • Starmer accused of betraying farmers as British food pledge stalls

      August 22, 2025
    • Fed rate cut looms after Powell’s Jackson Hole speech

      August 22, 2025
    • Tariff “Inclusion” Process Comes with High Costs, Absurd Outcomes, and Extra Cronyism

      August 22, 2025

    Categories

    • Business (8,858)
    • Investing (2,235)
    • Politics (16,465)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved