Lizz Truss PM holds press conference after sacking chancellor

The video discusses the need to adapt fiscal strategies to meet market expectations, emphasizing fiscal discipline. It announces the decision to maintain the planned increase in corporation tax, generating £18 billion annually, as part of a broader fiscal plan. The plan aims to reduce debt relative to the economy and improve public sector efficiency, ensuring taxpayer money is well spent.

Why does the speaker believe the current mission delivery needs to change?

• To increase public spending significantly.

• Due to unexpected market conditions requiring fiscal discipline.

• Because the markets are performing better than expected.

• To reduce the size of the government.

What is the expected annual revenue from maintaining the planned increase in corporation tax?

• £18 billion

• £10 billion

• £30 billion

• £25 billion

What is the purpose of the revenue generated from the corporation tax increase?

• To fund new public sector projects.

• To act as a down payment on the medium-term fiscal plan.

• To reduce personal income taxes.

• To increase government salaries.

What is one of the commitments made by the speaker regarding the economy?

• To ensure debt is falling as a share of the economy.

• To increase the size of the state.

• To double public sector spending.

• To eliminate all taxes.

How does the speaker propose to ensure taxpayers' money is well spent?

• By increasing the number of public sector employees.

• By privatizing all public services.

• By making the public sector more efficient.

• By reducing all government services.