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The Rapid Downfall of Liz Truss
The Daily
The Rejection of Liz Truss's Economic Program in the Financial Markets
There are tax cuts for ordinary people. Cooperation tax rates will not rise to 25%. It will remain at 19%. And we will have the lowest rate of corporation tax in the G20. I have another measure, Mr. Speaker. Can you hear me? Take the additional rate of income tax. At 45%, it is currently high. There is also a tax cut for the wealthiest earners. But I'm not going to cut the additional Rate of Tax today,. I'm going to abolish it altogether. The cumulative value of all of these tax cuts runs into the tens of billions of dollars. These are unfunded tax cuts, which means the government's not offering corresponding cuts and spending to
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