Great Britain
This article was added by the user . TheWorldNews is not responsible for the content of the platform.

Liz Truss defends giving 2,500 millionaires £1bn tax cut amid cost of living crisis

Liz Truss tonight defended giving 2,500 millionaires a £1billion bung in tax cuts.

On the eve of the Tory Party conference in Birmingham, the Prime Minister said: “We believe in making it easier for our wealth creators, doers and makers to get things done.

“Britain’s economy needs a reset. We cannot continue on the current trajectory of managed decline. We must take a new direction.”

Chancellor Kwasi Kwarteng sent the pound plunging and markets into turmoil by scrapping the 45p top rate of tax in his mini-budget.

Half the £2billion cost will go to just 2,500 fatcats earning more than £3.5million each, handing them a windfall of at least £175,000 each.

Liz Truss has faced criticism this week with many claiming she has trashed the British economy (



And today Levelling Up Secretary Simon Clarke warned ordinary Brits they were in for new austerity.

He told The Times: “Western Europe is living in a fool’s paradise whereby we can be ever less productive, and yet still enjoy a very large welfare state.”

Meanwhile, the PM’s approval rating has plummeted with more than half of the public – 55% – disapproving of the job she is doing, against just 18% who approve, according to latest research by pollster Opinium.

Read More

Read More

Read More

Read More

Read More