UK's Truss Makes Another Tax U-Turn, Defends Kwarteng Ouster

The transcript discusses the government's fiscal discipline, including maintaining the planned increase in corporation tax to raise £18 billion annually. This is part of a medium-term fiscal plan aimed at reducing debt as a share of the economy. The government intends to control state size and improve public sector efficiency. A new chancellor, Jeremy Hunt, has been appointed to deliver the fiscal plan, sharing the vision for economic growth.

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

• £10 billion

• £18 billion

• £30 billion

• £25 billion

What is the primary goal of the medium-term fiscal plan mentioned in the video?

• Reduce debt as a share of the economy

• Expand the size of the state

• Decrease corporation tax

• Increase public sector jobs

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

• By privatizing public services

• By increasing taxes

• By controlling the size of the state

• By reducing public sector salaries

Who has been appointed as the new chancellor?

• Rishi Sunak

• Jeremy Hunt

• Boris Johnson

• Theresa May

What is Jeremy Hunt expected to deliver by the end of the month?

• A foreign policy strategy

• The medium-term fiscal plan

• A new tax policy

• A public sector reform