Michael Gove was right. Liz Truss’ unfunded tax cuts risked the Conservatives losing the mantle of being prudent economic managers.
Just a month into the job and the UK Prime Minister, along with her Chancellor, Kwasi Kwarteng, caused an avoidable snafu thanks to their ‘mini-Budget’.
Calls for her to resign are absurd, but the general mood at the Conservative Party Conference in Birmingham, where your columnist was in attendance, was that if Truss failed to reverse the plans to cut the top rate of income tax from 45 to 40 per cent and the scrapping of bankers’ bonuses – then she’s finished.
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