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Cost of living: why Liz Truss' low-tax strategy won't work

By Gavin Midgley, Senior Teaching Fellow in Accounting, University of Surrey

One of the first things the new UK prime minister Liz Truss did upon winning the Conservative party leadership race was to reiterate her desire to turn the UK into a low-tax economy.

She outlined her reasoning about the fairness of this position during a recent BBC…

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