Liz Truss admits huge mistake shocking markets as she U-turns on tax

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Liz Truss admitted making a huge mistake in pushing ahead too quickly with her economic plan last month as she stood by her vow to get the economy growing.

The Prime Minister confirmed a rise in corporation tax would go ahead next year as originally set out by Rishi Sunak despite pledging to scrap it last month.

She said she would do “whatever it takes” to fix the economy admitting: “I want to be honest, this is difficult.”

More to follow…

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