LIZ Truss today insisted she “stands by” her bumper tax cuts – but admitted she should have “laid the ground better” for the package.
Despite spooking the markets and almost crashing the pensions industry, the PM doubled down on her £45billion tax-slashing spree.
Liz Truss said she “stands by” her £45billion tax-cutting spree
However in the first sliver of contrition, she said in hindsight she would have rolled the pitch so the bonanza was not such a shock.
She told the BBC: “I do want to say to people, I understand their worries about what has happened this week. And I do.
“I do stand by the package we announced and I stand by the fact that we announced it quickly because we had to work.
“But I do accept we should have laid the ground better. I do accept that. I have learned from that.
“And I will make sure that in future we do a better job of laying the ground.”
After a rocky week:
- Ms Truss admitted she did not consult Cabinet Ministers before scrapping the 45p rate of tax
- She refused to confirm that benefits would rise in line with inflation
- The PM reiterated her commitment to the triple lock for pensioners
- Michael Gove said “a number of mistakes were made” in the mini-Budget
Ms Truss tried to quell a brewing Tory rebellion as the party’s annual conference kicked off in Birmingham today.
Many of her backbenchers are furious she is cutting the top rate of income tax while refusing to commit to hiking benefits in line with inflation.
Ex-Cabinet Minister Mr Gove this morning said that “there were a number of mistakes made by Kwasi Kwarteng in the mini-budget.”
Amid grumblings in her top team, Ms Truss sensationally admitted she did not consult her whole Cabinet before axing the 45p top rate of tax.
Asked if she had sought the views of her Cabinet, she said: “No. No we did and it was a decision that the Chancellor made.”
Did you miss our previous article…
https://hellofaread.com/money/six-energy-scams-to-watch-out-for-and-how-to-protect-yourself/
