Independent TV
Showing now | News
08:24
Watch in full: Liz Truss confirms mini-Budget U-turn as Jeremy Hunt named chancellor
Liz Truss announced that corporation tax will rise from 19 per cent to 25 per cent next year in a major mini-Budget U-turn, as she held a No 10 press conference on Friday afternoon.
The prime minister admitted that her radical agenda had spooked the financial markets amid weeks of economic turmoil, and took questions from the press after sacking Kwasi Kwarteng earlier in the day.
Ms Truss also confirmed that Jeremy Hunt has been named as the new chancellor.
“He shares my convictions and ambitions for our country,” she said of her new ally.
Click here to sign up for our newsletters.
Up next
01:51
Gérard Mestrallet on the challenges of bringing infrastructure to the region of AlUla
02:07
Sir George Iacobescu, chairman of the Canary Wharf Group on the investment into the historic region of AlUla
02:00
Oliver Ripley of sustainable hotel group Habitas talks about how AlUla challenged his preconceptions of Saudi Arabia
02:09
