Get the biggest business stories emailed to you every weekday, or go to the News 24 Business front page. Prime Minister Liz Truss made cutting taxes to boost economic growth the centerpiece for her winning campaign for the leadership of the Conservative Party. The planned tax cuts could breach current fiscal rules that require the government to reduce the debt as a percentage of economic output, the paper said. Kwarteng is also drawing up plans for a blanket discount on business energy bills, The Daily Telegraph reported. A spokesman for the Department for Business, Energy and Industrial Strategy declined to comment on the reports.

Source: News 24 September 17, 2022 23:50 UTC