Paul Johnson Liz Truss Kwasi Kwarteng Britain BBC economy Strategy Paul Johnson Liz Truss Kwasi Kwarteng Britain

Liz Truss hits out after critics slam tax cuts as 'for the rich' and pound plummets to 37-year low

Reading now: 178
manchestereveningnews.co.uk

Prime Minister Liz Truss has defended her Government's controversial tax cuts as she vowed to 'usher in a decade of dynamism'.

Truss has come under fire from Labour who accused the Prime Minister and Chancellor Kwasi Kwarteng of gambling with people’s finances in 'casino economics', and claimed their 'trickle-down' approach will leave the next generation worse off.

But Ms Truss insisted she is 'unapologetic' in 'focusing relentlessly on economic growth', even as the £45 billion tax-slashing package sent the pound tumbling to fresh 37-year lows and sparked a backlash among some of her own MPs.

Using more than £70 billion of increased borrowing, Mr Kwarteng on Friday unveiled the biggest programme of tax cuts for 50 years, including abolishing the top rate of income tax for the highest earners.

Read more on manchestereveningnews.co.uk
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA