Liz Truss is the next prime minister

05 September 2022

Today (5 September 2022) it has been announced that Liz Truss will become the nation’s next prime minister. Boris Johnson, the outgoing prime minister, will travel with Truss to Balmoral, where the Queen will officially transfer power.

Truss’ campaign pledges have been widely publicised. Among them, her plans to scrap the national insurance hikes implemented by the previous government. However, these pledges will need to be put into action.

We eagerly await further information as to how her pledges will be enacted as well as news of her new cabinet, including a potentially new chancellor of the exchequer.

The CIPP will bring further news and updates as we hear more. If there are further changes within the tax year to National Insurance, payroll professionals are set to have a rather turbulent year.

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