News / Politics

PM announces U-turn on corporation tax after sacking Kwasi Kwarteng

The UK Government has been under pressure to reverse course on its fiscal plans.

PM announces U-turn on corporation tax after sacking Kwasi Kwarteng — Liz Truss: The Prime Minister held a press conference on Friday. STV News

By Lewis McKenzie, Kevin Scott

14th Oct 2022

Share via

More on this story

Liz Truss held a press conference on Friday amid mounting pressure for the UK Government to U-turn on its mini budget.

It came after chancellor Kwasi Kwarteng was sacked after just 38 days in office and replaced by former health secretary Jeremy Hunt.

More on this story

Today's Top Stories

Scottish Government: Mesh patients wait ‘in agony’ for confirmation of US removal surgery

Mesh patients wait 'in agony' for confirmation of US removal surgery

Scottish Government: More than 2,200 Scots ‘waiting two years or more for surgery’, figures show

Politics

More than 2,200 Scots 'waiting two years or more for surgery'

Study to examine how social media and other technology affects mental health

Study to examine how social media and technology affects mental health

Glasgow: Two men in hospital after being attacked in Dennistoun street

Two men taken to hospital after being attacked in street

Land Rover deliberately set on fire in West Lothian as police launch investigation

Edinburgh & East

Police appeal over deliberate car fire which spread to garage

Aberdeen: Man, 39, dies in hospital and two arrested after major police incident

North East & Tayside

Man, 39, dies in hospital and two arrested after major police incident

Philip Schofield’s ITV colleague he later had affair with ‘was 15 when they first met’

Entertainment

Schofield's colleague he later had affair with 'was 15 when they first met'

Popular Videos

Gran who suffered near-fatal heart attack designs tartan to support Aberdeen Royal Infirmary medics

North East & Tayside

Gran who survived heart attack designs tartan for medics who saved her

Edinburgh University: Common drugs can be used to treat dementia-linked strokes, trial shows

Edinburgh & East

Common drugs can be used to treat dementia-linked strokes, trial shows

Cairngorm Mountain Rescue Team celebrates 60 years of service

Highlands & Islands

Cairngorm Mountain Rescue Team celebrate 60 years of service

Abertay University in Dundee launches study into health benefits of golf for disabled players

North East & Tayside

Disabled players tee off study into health benefits of golf

Peter Riegert and actors discuss lasting legacy of Local Hero as film celebrates 40th anniversary

Insight

Stars look back on Local Hero's enduring popularity 40 years on

Haley BoumaReporter

Latest in Politics

Plans for supermarket price caps on basic food as health secretary Steve Barclay details ‘opt-in’ scheme

Politics

Plans for supermarket price caps on basic food such as bread and milk

‘Horrifying’ rise in Scots needing emergency cash grants to pay for basics, Scottish Welfare Fund figures show

Politics

‘Horrifying’ rise in Scots needing emergency cash to pay for basics

Third of NHS scanners older than recommended lifespan, figures show

Politics

Third of NHS scanners 'older than recommended lifespan'

Home Office aims to deter Channel crossings from Albania with ad campaign

Politics

Home Office aims to deter Channel crossings with ad campaign

First Minister Humza Yousaf brands UK Government’s DRS glass ban order ‘democratic outrage’

Politics

FM brands UK government's DRS glass ban order 'democratic outrage'

First Minister Humza Yousaf blasts UK Government over demands to remove glass from deposit return scheme

Politics

FM blasts UK Government over 'demands' to remove glass from DRS

Scottish colleges in plea for emergency funding as further education hits ‘crisis point’

Politics

Colleges in plea for emergency funding as further education hits ‘crisis point’

Trending Now