Liz Truss hints she will scrap bankers’ bonus cap, saying not every measure will ‘be popular’

Liz Truss hinted at further tax cuts to come and suggested she will press ahead with her plan to scrap the cap on bankers’ bonuses - saying not everything her government does

will be “popular”. Speaking ahead of the mini-Budget on Friday, the Prime Minister said the aim of the controversial measure was to grow the size of the economy by making

the City more competitive. And she said there was “no doubt” in her mind that lower taxes lead to economic growth. Ms Truss also told reporters that high energy prices

this winter - a by-product of the West’s decision to bolster Ukraine against Russian aggression - were a “price worth paying” to ensure the security of Europe. On Friday,

the new Chancellor Kwasi Kwarteng is expected to confirm the recent National Insurance rise will be reversed, and that plans to increase corporation tax will not go

ahead. Ms Truss's comments suggest that other tax cuts could be considered in future to ensure the UK is "competitive".Kwarteng to announce end to bankers’ bonus

cap  The Prime Minister did not deny that Mr Kwarteng would also announce an end to the cap on bankers’ bonuses. She said: “What we are absolutely focused on as a

government and what the Chancellor has focused on is growing the economy. “What is important is what makes Britain more competitive, what is going to drive investment across

our country, what is going to bring more investment in towns and cities that have been left behind and that we have committed to levelling up “Everything we do will be

focused on delivering for people because ultimately what I want to see is more jobs, higher wages and more opportunities.”