Liz Truss announces Tory leadership bid and vows to 'cut taxes from day one'

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Liz Truss announces Tory leadership bid and vows to 'cut taxes from day one'
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Miss Truss said she could be 'trusted to deliver' if she was PM

The levy was introduced to raise funds for the NHS and social care, but has proved controversial at a time when households are feeling the squeeze from soaring food and energy bills.

She said she would “keep corporation tax competitive” – hinting that she wants to look again at Mr Sunak’s plans to hike the rate in April 2023, but did not go so far as to match some of her fellow contenders’ pledges to scrap the rise entirely. Writing in The Telegraph, she said: “Under my leadership, I would start cutting taxes from day one to take immediate action to help people deal with the cost of living.

“It is built on a clear and longstanding Conservative philosophy, including bold supply-side reform,” she added.

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