Truss press conference: she reverses Corporation Tax cut and refuses to apologise

Liz Truss says she wants growth but went too far in her mini-budget.

She’ll keep the increase in Corporation Tax now, raising an extra £18 billion per year.

She’s asked former Health Secretary Jeremy Hunt to become Chancellor (so he’ll do as much damage to the Treasury as he did to the NHS).

She’s keeping the energy price “guarantee” (note: no longer a cap).

“This is difficult but we will get through this storm,” she says – not for a moment admitting that she is responsible for it.

She goes to questions – and is immediately asked why she has junked the Corporation Tax cut on which she was elected Tory leader. She evades answering.

Second question: the 45p tax cut was her idea, so was the Corporation Tax cut. But Kwarteng had to go. Why does she have to stay? She evades answering.

Third question: what credibility does she have to continue governing? She puts it all on Jeremy Hunt, the new Chancellor, and says they have to “deliver the mission in a different way”.

Fourth question: will she apologise to her party for having “totally trashed” its “reputation for economic competence”. She evades answering.

And she leaves. As she goes, a voice can be heard very clearly asking…

“Aren’t you going to say sorry?”

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1 thought on “Truss press conference: she reverses Corporation Tax cut and refuses to apologise

  1. nivekd

    Hunt is a two-faced careerist who destroyed the NHS to a plan devised by United Health of Minneapolis, whose accountable care/insurance model is now the template for the 42 English so-called integrated care systems which have replaced our national health service.

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