UK’s Truss Plans More Tax Cuts Next Year, Telegraph Reports

UK Prime Minister Liz Truss plans to introduce more tax cuts in the new year, adding to reductions announced this week, the Telegraph reported without saying where it obtained the information.

The new tax cuts will include further reductions in income tax and discounts for savers and child benefit claimants and are likely to be announced as part of a full budget next year, the newspaper said. Chancellor of the Exchequer Kwasi Kwarteng announced on Friday a tax review, alongside the biggest reduction in taxes by a budget since 1972.

Treasury officials are drawing up a list of “pinch points” ...