Liz Truss launches Tory party leadership bid with promise to cut taxes
The IndependentSign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. She wrote: “I will fight the election as a Conservative and govern as a Conservative.” The senior Cabinet minister, who is widely expected to be a front-runner in the race to become the next PM, said she would reverse a controversial national insurance hike that had been brought in by her leadership rival, former chancellor Rishi Sunak. In her newspaper article, Ms Truss argued that “it isn’t right to be putting up taxes now” and, that as prime minister, she would take “immediate action” to assist with living costs. In hinting that she would consider making changes to Mr Sunak’s plans to hike corporation tax in April 2023, she said she would “keep tax competitive”. “I would reverse the national insurance increase that came in during April, make sure we keep corporation tax competitive so we can attract business and investment into Britain, and put the Covid debt on a longer-term footing.” Ms Truss said her plan would get the country back on track toward becoming a “high-growth and high-productivity powerhouse”.