lol
Does anyone know if Liz Truss is in our payroll or maybe she is a closet Comrade?
Does anyone know if Liz Truss is in our payroll or maybe she is a closet Comrade?
Kwarteng: UK economy must expect more tax cuts and deregulation
Chancellor says he and Liz Truss want to do what previous Tory governments deemed unthinkable
Liz Truss plans to radically reshape the UK economy with even more tax cuts and fewer regulations, her chancellor has said, declining to set a limit on how much public debt could be incurred in the process.
“There’s more to come,” Kwasi Kwarteng told BBC One’s Sunday with Laura Kuenssberg, two days after his unofficial budget delivered £45bn of tax cuts, mainly for the rich.
He also denied his tax cuts predominantly favoured those on higher incomes. “They favour people right across the income scale,” he said.
Challenged over how a government with no new mandate could embark on such a radically different course, the chancellor said he was certain the public supported his ideas.
Asked about fiscal plans that will add about £400bn to public borrowing over the coming years, Kwarteng said he was committed to debt as a proportion of GDP falling over time, but gave no details as to how or when.