London (AFP) – Having sacked her close ally Chancellor Kwasi Kwarteng after a mini-budget which spooked the financial markets as a result of its unfunded tax cuts, United Kingdom Prime Minister Liz Truss confirms that her government will perform a drastic U-turn on its previous commitment not to raise corporation tax. “We need to act now to reassure the markets of our fiscal discipline. I have therefore decided to keep the increase in corporation tax that was planned by the previous government,” the under-fire PM says.
