British Prime Minister Liz Truss defended her government’s move to cut taxes and regulations following criticism from international financial institutions.
The new Conservative Party government led by Truss recently cancelled a rise in the corporate tax rate, cut the basic income tax rate to 19%, and launched discussions about special economic zones in multiple regions of the United Kingdom.
In response, the International Monetary Fund (IMF) issued a rare rebuke of the economic growth plan, arguing that “large and untargeted fiscal packages” are harmful as the Bank of England works to control inflation.
Conservative British Prime Minister Sticks By Pro-Growth Tax Cut Plan After Establishment Criticism
- by: Ben Zeisloft
- 09-30-2022
- Source:
The Daily Wire
- 09/30/2022
Doing taxes by Kelly Sikkema is licensed under Unsplash unsplash.com
Doing taxes by Kelly Sikkema is licensed under Unsplash unsplash.com
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