Former Prime Minister Liz Truss will deliver a scathing speech today, accusing the Tories of allowing the Left to shape the economic debate and push the woke agenda. Truss argues that too many colleagues have taken their "eye off the ball" since the end of the Cold War. She is calling for tax and welfare spending cuts, as well as a delay to net zero commitments.
Truss takes aim at Tory party
In her first major speech since leaving office, Liz Truss will strongly criticize her own party for allowing the Left to dominate the economic conversation and promote the woke agenda. Truss believes that her colleagues have failed to prioritize the important issues following the end of the Cold War.
Call for tax and welfare cuts
Truss is advocating for reductions in taxes and welfare spending, arguing that these measures will benefit the economy. She specifically wants corporation tax to return to 19%, and she opposes the implementation of a forthcoming tax on cross-border profits. Truss also rejects the notion that her proposed tax cuts were unfunded, claiming that they would have actually boosted revenues over a five-year period.
Sunak criticized for excessive spending
Liz Truss is set to accuse current Chancellor Rishi Sunak of overspending, claiming that he has allocated £35 billion more than she would have in her role as Prime Minister. This critique further highlights the growing rift within the Conservative Party.
Labour's plea to block resignation honours
The Labour Party is calling on the Prime Minister to prevent Liz Truss from awarding honours to 14 individuals in her resignation honours list, a year after her mini-Budget. Labour argues that this move would be inappropriate, given the current political climate.
