Truss's Tax Policy Will Cause Inflation Spiral, Sunak Warns
The Independent|August 22, 2022
Liz Truss will plunge the economy into an "inflation spiral" if she pushes ahead with her "dangerous" economic policy, Rishi Sunak's campaign team has warned.
Jon Stone
Truss's Tax Policy Will Cause Inflation Spiral, Sunak Warns

Ms Truss's leadership rival said the frontrunner had to choose between cutting taxes and offering help to struggling families over the winter, or risk wrecking the economy. To push ahead on both fronts would mean "increasing borrowing to historic and dangerous levels, putting the public finances in serious jeopardy and plunging the economy into an inflation spiral", the former chancellor's camp said.

The striking intervention comes after Ms Truss softened her stance on providing help for families over the winter, saying she would provide support "across the board". The foreign secretary had previously insisted she was focused on tax cuts rather than what she termed "giving out handouts”.

Polls suggest Ms Truss is on course to beat Mr Sunak by a significant margin, with the latest YouGov survey this week giving her a 32-point lead. But Mr Sunak has continued to hammer away at Ms Truss's plans and make policy announcements.

In a statement released last night, his campaign said: "Following weeks of rejecting direct support payments as 'handouts', Truss supporters have slowly woken up to the reality of what winter brings. They now say that they will provide people with help but what help, for who, when, and how it will be paid for remains a mystery.

هذه القصة مأخوذة من طبعة August 22, 2022 من The Independent.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة August 22, 2022 من The Independent.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من THE INDEPENDENT مشاهدة الكل
'Moving to Texas has made everything exciting again'
The Independent

'Moving to Texas has made everything exciting again'

Team GB sprinter Dina Asher-Smith tells Lawrence Ostlere that a coaching shake-up and new base is already paying off

time-read
4 mins  |
October 09, 2024
Chelsea entertain with solid win over flashy Real
The Independent

Chelsea entertain with solid win over flashy Real

If Chelsea are on a “new journey” in the Women’s Champions League, it began in intermittent deluges of rain and in front of a sparse home crowd at Stamford Bridge.

time-read
4 mins  |
October 09, 2024
Solanke on the verge of ending his 2,522-day wait
The Independent

Solanke on the verge of ending his 2,522-day wait

Dominic Solanke made his England debut in 2017 as a young Liverpool striker. That second cap hasn't arrived yet but, he tells Lawrence Ostlere, he's ready to make up for lost time

time-read
4 mins  |
October 09, 2024
Water companies ordered to pay £158m to customers
The Independent

Water companies ordered to pay £158m to customers

Water companies will have to pay a £157.6m penalty after missing key targets on reducing pollution, leaks and supply interruptions while customer satisfaction continues to fall, Ofwat has said.

time-read
2 mins  |
October 09, 2024
Hit and myth: the private who could have shot Hitler and saved 70 million lives
The Independent

Hit and myth: the private who could have shot Hitler and saved 70 million lives

'Horrible Histories' author Terry Deary is back with a new book that examines the greatest hits (and misses) of British history including this remarkable First World War tale

time-read
6 mins  |
October 09, 2024
Putin 'demolishes holiday home out of fear for his life'
The Independent

Putin 'demolishes holiday home out of fear for his life'

Vladimir Putin has demolished his holiday villa by the Black Sea after he stopped visiting the area out of fear for his life relating to strikes from Ukraine, a Russian opposition website has claimed.

time-read
2 mins  |
October 09, 2024
Scientist who warned of AI threat awarded Nobel Prize
The Independent

Scientist who warned of AI threat awarded Nobel Prize

The Nobel Prize in Physics has been awarded to two researchers who helped build the foundations of the artificial intelligence that surrounds us today.

time-read
1 min  |
October 09, 2024
McCann suspect is cleared.of unrelated rape charges
The Independent

McCann suspect is cleared.of unrelated rape charges

The prime suspect in the Madeleine McCann case, convicted paedophile and rapist Christian Brueckner, has been acquitted of unrelated sexual abuse charges in a German court.

time-read
1 min  |
October 09, 2024
Residents flee as Hurricane Milton takes aim at Florida
The Independent

Residents flee as Hurricane Milton takes aim at Florida

Florida residents streamed out of the Tampa Bay region yesterday ahead of Hurricane Milton.

time-read
3 mins  |
October 09, 2024
Trump 'called Putin seven times since leaving office'
The Independent

Trump 'called Putin seven times since leaving office'

Donald Trump has reportedly spoken with Russian President Vladimir Putin as many as seven times since leaving the White House.

time-read
3 mins  |
October 09, 2024