Truss may go even further in her bid to slash taxes - having confirmed she'll reverse the NI hike and corporation tax rise
Sources characterised Ms Truss as wanting to bring Britain into a "new era" where domestic freedom is married with stronger economic and security policies in a world where authoritarian powers threaten the global order.
"Lower taxes lead to economic growth, there is no doubt in my mind about that. Now, there are of course other measures that we have to take to spur economic growth as well."During the [leadership] campaign I talked about moving faster in getting growth projects going, mobile broadband fixing, the arteries of the economy — we need to do that too.
In comments more likely to have been aimed at a domestic US audience – but tweeting them out with remarkable timing – Mr Biden, who is due to meet Ms Truss, said: "I am sick and tired of trickle-down economics. It has never worked.Trickle down economics is the notion that cutting tax for top earners and big businesses allows wealth to makes its way down to people on lower incomes.Kwasi Kwarteng is due to unveil a mini-budget.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Liz Truss can’t control rising mortgage rates, but she will take the blameLiz Truss’s new government and the monarchy under King Charles III will be faced with a raft of social and economic problems. 🏠 The cost of housing is, as ever, at the centre of it all. 📨 Read Victoria_Spratt's newsletter here ⤵️
Read more »
Prime Minister Liz Truss tells Sky News she's prepared to be unpopularSky's BethRigby interviewed Prime Minister Liz Truss about her plans for the economy, interest rates and how she plans on getting the UK through the tough winter ahead. Watch the full interview 👉
Read more »
New York Times compares Liz Truss to notorious Enoch PowellEnoch Powell is infamous for his 'rivers of blood' tirade, in which he said immigration would lead to 'the black man [having] the whip hand over the white man'.
Read more »