Liz Truss has been criticised by the former Tory chancellor Kenneth Clarke for proposing tax cuts during a time of ‘enormous public debts’. Photograph: Anthony Devlin/BloombergSenior Tories have warned that their party will suffer dire electoral consequences under a Liz Truss premiership that fails to address the cost of living crisis, as the UK Labour Party enjoys a poll bounce suggesting Keir Starmer could be on course for No 10.
A poll on Saturday for the Times by YouGov, whose current methodology tends to give Labour a higher figure than Opinium’s, showed Starmer’s party enjoying its biggest lead in 10 years, on 43 per cent – 15 points ahead of the Conservatives on 28 per cent. Clarke said: “Everybody would do it if that worked. There’s a slight touch of the Argentinian or Venezuelan government about it. This is not a time for tax cuts because we have enormous public debts. Tax cuts will stimulate growth in demand, but the problems are with the difficulties in supply, so they will push inflation further up.”
Another former cabinet colleague of Gove and Truss, who is backing Sunak, said: “If Liz does not change tack and back a real economic package that does more to help those in need, I think we will be in big trouble. But to do so she will need to go back on what she has said in the leadership campaign, which will not be without consequences either.”
Source: Entertainment Trends (entertainmenttrends.net)
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Gove criticises Truss tax plan, backs Sunak for leaderSenior UK Conservative MP Michael Gove today accused party leadership contender Liz Truss of taking a 'holiday from reality' with her plans to cut taxes amid a cost-of-living crisis. She is another Johnson,a born liar michaelgove This you? justasking This 🤡🤡isn’t exactly living in reality much himself. This Tory leadership contest is proving a race to be as far right as you can go to be the winner & our country isn’t too far behind them
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