Financial Digest

Pound selloff intensifies, government bond, FTSE rally fades after Liz Truss press conference – as it happened

  • 📰 GuardianAus
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 98%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Liz Truss announces U-turn on corporation tax but fails to give the reassurances the public and markets were looking for

Danni Hewson, financial analyst at the stockbroker AJ Bell, says about Liz Truss’s climbdown on corporation tax:

It may have, temporarily, been an incentive for businesses to overlook the tangle of red tape and additional costs associated with trading in a post Brexit world. But at what cost? Companies had already priced in the new tax rates which had been well signposted and at 25% the UK will still be competitive.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK Treasury chief Kwasi Kwarteng out as Prime Minister Liz Truss moves to survive market and political turmoilBritain's finance minister, Kwasi Kwarteng, resigns after Prime Minister Liz Truss asked him to stand aside ahead of an expected scrapping of parts of his economic package. Poll: AbolishBigotry? Expendable - so she keeps her job. But for how long?
Source: abcnews - 🏆 5. / 83 Read more »