THE TORIES IN BIRMINGHAM
Plan to 'deliver on jobs, pay and public services'
Kwasi Kwarteng will today say “we must stay the course” and stick to his plan to deliver economic growth.
Watered-down alternatives would leave Britain on a path of “managed decline”.
The Chancellor will draw a line under the market turmoil of the past week with a promise that the Government has an “iron-clad commitment to fiscal discipline”.
He has the full backing of Prime Minister Liz Truss, who said she “stands by” the mini-Budget, as she arrived in Birmingham for the Tory conference.
An aide added: “The lady’s not for turning.”
In a speech, Mr Kwarteng will tell Tory delegates: “We must face up to the facts that for too long our economy has not grown enough.
“The path ahead of us was one of slow, managed decline.
“And I refuse to accept that it is somehow Britain’s destiny to fall into middle-income status, or that the tax burden reaching a 70-year-high is somehow inevitable. It isn’t, and shouldn’t be. We needed a new approach, focused on raising economic growth.
“That is the only real way to deliver higher wages, more jobs and, crucially, revenue to fund our precious public services. And it is the only way to achieve long-term fiscal sustainability.
“We must stay the course. I am confident our plan is the right one.”
Market jitters about the growth plan eased on Friday as the pound rallied while official figures showed the country defied expectations to avoid entering recession.
Esta historia es de la edición October 03, 2022 de Daily Express.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición October 03, 2022 de Daily Express.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
It's just a small victory for City on penalties
PREMIER LEAGUE clubs will only have to overcome a \"relatively minor issue\" in their legal battle with Manchester City.
England set-up no different to Fergie's United
EL-ABD PLAYS DOWN CHANGES
POPE'S BLOWS A REAL PAIN
Carse's sympathy for skipper
Trolley good! Supermarket's £4m healthy eating boost
Children at 400 schools in some of the country's most deprived areas will benefit from fresh fruit and vegetables thanks to an inspirational new scheme launched today by Tesco and celebrity chef Poppy O'Toole
Horror story at pumpkin farms
HALLOWEEN fans plumping for plenty of pumpkins are in for a disappointment after slugs and bad weather destroyed more than half of this year's crop.
More families are setting sail on holiday cruises
FAMILY cruises are on the crest of a wave with more people heading up the gangway for a holiday at sea with the kids.
Fury over water firms' 'drop in the ocean' £157m penalty
Not enough to punish suppliers' ‘annual litany of failure'
Hip fracture delays raise risk of dying
HIP-fracture patients are more likely to die if they are waiting in A&E for more than four hours, a study claims.
Coleen beats Rebekah again in Wagatha case
REBEKAH Vardy has suffered a second defeat over her \"Wagatha Christie\" libel battle with Coleen Rooney.
My pen pal Charles, by Melania
MELANIA Trump has revealed in her new memoir that she is pen pals with the King.