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.

What changes are being proposed to reassure the markets about fiscal discipline?

How much revenue is expected to be raised from the increase in corporation tax?

What is the purpose of the medium term fiscal plan mentioned?

What measures will be taken to ensure that taxpayers' money is well spent?

In what way will public sector spending change according to the new plans?