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

Why is crypto down? Bitcoin slips below $90,000...

February 26, 2025

Addison Lee invests in the future of London’s...

February 8, 2024

Theo Paphitis urges government to close tax loophole...

March 25, 2024

Trump extends TikTok sale deadline amid ongoing talks...

April 4, 2025

Top CRM Software for Small Businesses

December 6, 2024

Boxing Day splurge forecast at £4.6bn despite cost-of-living...

December 26, 2024

Digital health platform Awell secures $5m investment to...

September 19, 2023

Progressing Decentralized Oracles: Kusama’s Key Contribution

June 25, 2023

‘Nosedive’ in HMRC service levels impacting millions of...

September 25, 2023

Stumped by smallprint: credit card agreements are gobbledegook...

April 5, 2023

    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

    • Hegseth tears up red tape, orders Pentagon to begin drone surge at Trump’s command

      July 10, 2025
    • SCOOP: Sen Ron Johnson readies subpoenas for FBI, DOJ in Butler shooting probe

      July 10, 2025
    • Jackson defends controversial, fiery SCOTUS dissents as telling people ‘how I feel’

      July 10, 2025
    • How to Find Compelling Charts in Every Sector

      July 10, 2025
    • AstroTurf Leads Innovation in Player Safety and Sustainability for Modern Sport

      July 10, 2025
    • Russia sanctions bill gains steam as White House appears to change tone on Putin

      July 10, 2025

    Categories

    • Business (8,444)
    • Investing (2,115)
    • Politics (16,000)
    • Stocks (3,199)
    • 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