Newspaper headlines: ‘Wave of strikes’ and Truss ‘mulls 5% VAT cut’

The Sunday Telegraph reports that Liz Truss, currently favourite to succeed Boris Johnson as prime minister, is considering a “nuclear” VAT cut of 5%. The paper says the measure, modelled on Gordon Brown’s response to the 2008 financial crisis, would cost the government £38.4bn a year, but would save the average household more than £1,300 over the same period.