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 outlines 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 ensure debt reduction and efficient public sector spending, with a focus on delivering high-quality services while controlling state size.

What is the significance of the forecast from the independent OBR?

What is meant by controlling the size of the state in the context of this text?