Truss to Speed Up UK Tax Cuts in Leadership Bid, Telegraph Says
Liz Truss during the Conservative Party leadership hustings in Eastbourne, UK.
Photographer: Chris J. Ratcliffe/Bloomberg
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UK leadership front-runner Liz Truss plans to rush through tax cuts to tackle the country’s cost-of-living crisis, the Telegraph reported.
She will immediately reverse the increase in national insurance brought in this year if she’s elected Prime Minister, the paper reported, citing a campaign source. The previous plan had been for the change to take effect in April. The hastier timeline would mean workers’ take-home pay would rise from November.