Liz Truss has vowed to carry on as prime minister after scrapping a key campaign pledge not to raise corporation tax and sacking her chancellor.
She replaced Kwasi Kwarteng, her long-term ally and friend, with Jeremy Hunt, the former cabinet minister who ran against her in the summer’s leadership race and eventually supported Rishi Sunak.
But in a televised press conference this afternoon, she insisted: “The mission remains the same.”
Jeremy Hunt leaves No 10 after his first meeting as chancellor. He was informed of his new role by phone
TIMES PHOTOGRAPHER RICHARD POHLE
Liz Truss holds a press conference as Jeremy Hunt becomes chancellor
Truss confirmed that her plan to freeze corporation tax would not go ahead and it would rise to 25 per cent next year, as was originally planned by Sunak. She said this would raise £18 billion per year.
She told a Downing Street press conference lasting just over eight minutes: “It is clear that parts
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2022-10-14 17:25:00Z
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