The Sunday Telegraph studies that Liz Truss, presently the favourite to succeed Boris Johnson as prime minister, is contemplating a “nuclear” VAT minimize of 5%. The paper says the measure, primarily based on Gordon Brown’s response to the 2008 monetary disaster, would price the federal government £38.4bn a 12 months, however would save the typical family greater than £1,300 over the identical interval.
With inputs from BBC