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The business of governing the United Kingdom resumes this week after the mourning period for Queen Elizabeth II, and new Prime Minister Liz Truss appears set on making a strong start. Press leaks suggest several major policy announcements culminating in a new tax-cut plan on Friday. Her calculation is that the Tories need an economic recovery to get their groove back.
Ms. Truss will reverse a 2.5-percentage-point increase in the payroll tax imposed by predecessor Boris Johnson, and freeze the top corporate rate at 19% rather than raising it to 26% as Mr. Johnson intended. She and new Chancellor Kwasi Kwarteng also will scrap certain green levies on household energy bills.
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