Liz Truss issues defence on economic plan to slap down critics

Emily Maitlis reveals admission about Truss from Tory MP

We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info

Liz Truss has issued a defiant three-point defence on her Government’s economic plan in an attempt to slap down critics. Following the fallout from her Chancellor, Kwasi Kwarteng’s tax cuts last week, commentators have repeatedly asked: “Where is the Prime Minister?”

In a three-pronged defence, the Tory leader said new tax cuts will boost investment, create jobs and produce fresh opportunities “for all”.

She wrote in a post on Twitter: “We are facing difficult economic times globally.

“We must put this country on a trajectory for long-term growth whilst maintaining fiscal discipline.

“That is what our Growth Plan will deliver.”

The Prime Minister added: “This government is taking action now to guarantee our long-term energy security and support people with their energy bills through this winter and the next.”

Her Government’s tax cut announcements triggered “nearly a week of chaos in financial markets”, according to Reuters.

READ MORE: Mobilisation officials try scaring Russians out of homes to hand draft

The pound fell to a record low after Mr Kwarteng unveiled £45billion of unfunded cuts, though some commentators point to other factors beyond these economic measures.

In a brutal first-month assessment, financial paper Bloomberg reported: “Truss has made the most turbulent debut of any British prime minister in peacetime.

“In just three weeks, her administration has been battered by a crisis of confidence in her policies that have triggered a collapse in the pound and a surge in borrowing costs that threaten to push the UK toward a deep recession and a housing market crash.”

Hated Brexit deal ‘could shatter UK’ [OPINION]
Farage blasts those blaming conflict in Ukraine for inflation [NEWS]
Britons blast Tories and Labour who are ‘as bad as each other’ [OPINION]

More to follow.

Source: Read Full Article