THE GUARDIAN: Truss cannot deliver £50bn tax cuts and support packages without pushing public debt to dangerous levels, says Tory leader contender
Liz Truss will plunge the economy into an “inflation spiral” if she does not choose between her unfunded £50bn tax cuts and providing cost of living support, her Conservative party leadership opponent, Rishi Sunak, has claimed.
Sunak’s leadership campaign said Truss would increase borrowing to “historic and dangerous levels” and place public finances into “serious jeopardy” if she attempted to do both.
The comments came after Truss, the frontrunner to be the next prime minister, signalled another U-turn with direct support for companies and households with soaring energy bills this winter.
In a statement, Sunak’s 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. » | Tobi Thomas | Monday, August 22, 2022
