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Truss to Speed Up UK Tax Cuts in Leadership Bid, Telegraph Says

Liz Truss during the Conservative Party leadership hustings in Eastbourne, UK.

Liz Truss during the Conservative Party leadership hustings in Eastbourne, UK.

Photographer: Chris J. Ratcliffe/Bloomberg

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UK leadership front-runner Liz Truss plans to rush through tax cuts to tackle the country’s cost-of-living crisis, the Telegraph reported.

She will immediately reverse the increase in national insurance brought in this year if she’s elected Prime Minister, the paper reported, citing a campaign source. The previous plan had been for the change to take effect in April. The hastier timeline would mean workers’ take-home pay would rise from November.