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  • Truss tax cuts were ‘not right approach’ before tackling inflation, says Shapps

Truss tax cuts were ‘not right approach’ before tackling inflation, says Shapps

Liz Truss’s tax-cutting agenda “clearly wasn’t the right approach” before the government had tackled inflation, the business secretary, Grant Shapps, has said in a retort to an essay by the former prime minister.

by | 5 Feb, 2023

Truss, in her first major intervention since leaving office, wrote that she had “not [been] given a realistic chance to enact my policies by a very powerful economic establishment, coupled with a lack of political support”.

She said she had expected her mandate as prime minister to be respected but admitted mistakes had been made, including that the fallout from her mini-budget had left the UK close to not being able to fund its own debt. But she also said that Conservatives had “failed to make these arguments enough since 2010” about growth and low taxes.

Shapps, who had been a critic of Truss as prime minister but served as home secretary in her administration for a few days towards the end of her premiership, said many Conservatives did agree the tax burden should not be as high.

“She makes a perfectly valid point that somebody’s obviously got to be agitating for making the good arguments for the reasons why a lower-tax economy in the longer run can be a very successful economy,” he said. “I think you’ve got to set this within an international picture, which is Ukraine was invaded, energy prices went through the roof.

Read more at The Guardian

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