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Rishi Sunak should prioritize tax cuts and revive Boris Johnson’s ‘optimism’ because Liz Truss is right in her diagnosis of the slow growth ‘disease’ afflicting Britain. said the former Conservative Party chairman.
Former cabinet minister Sir Jake Berry has urged the prime minister to “unite the Conservative Party” behind an optimistic “low tax, high growth” vision, with five promises to voters on the road to growth and inflation. Sunak conceded that he was right to prioritize the effort.
It came after Truss blamed a “powerful economic establishment” characterized by a “left-leaning” tendency in economic thinking for his disastrous 49 days as prime minister. market.
Her comments risk putting pressure on Sunak to drop her opposition to tax cuts in next month’s budget.
Prime Minister Jeremy Hunt this week clashed with Conservative lawmakers who want tax cuts to stave off dire predictions of an impending recession. Mr Hunt argued that the giveaways would have to wait until inflation was contained.
Speaking to BBC One about Mr Truss’ 4,000-word essay in The Sunday Telegraph, Sir Jake said: Sunday with Laura Kuensberg“I still agree with Liz’s diagnosis of the disease facing our country. increase.
“But I think about what she’s saying: We need to lower taxes, we need to grow the economy. That’s what people want.”
Sir Jake believes Mr Johnson, Mr Truss’s former prime minister, will unite the divided Tory party over economic policy even as tax rates rose to the highest levels in decades under his leadership. This suggests that the correct approach is being taken to help
“He was famous for his boosterism, which led to the biggest general election victory for the Conservative Party in this century.
“Speaking optimistically about the family’s future is popular with the public and confirms that they are holding on to more money in the first place.
“And indeed, Rishi Sunak has partially set some of that out among the five ambitions he set out: creating growth, tackling inflation, and stealth taxes creeping into every family in this country.
“If only we could go back to that optimistic way, if we could unite the Conservatives behind that low tax rate and high growth,” he said.
Conservative MP Richard Graham, one of the prime minister’s trade envoys, said Mr Truss’ story would bring back painful memories for voters.
He told Times Radio:
“The Sunday Telegraph was so supportive of some of the ideas she put forward that I think it probably undermines the Sunday Telegraph’s credibility more than anything else.
“And I think for most people in this country, it was a time that they don’t want to remember too clearly. And let’s sort out the problems of people’s daily lives.”
Graham also supported the government’s rejection of face tax cuts in the near future.
“I think everyone understands that it is a very difficult time to cut taxes. You should look for other means that are
“You know, it’s going to take a little while for that to happen.”
Commerce Secretary Grant Shaps, meanwhile, said Truss’ mistake was cutting taxes before curbing inflation, and insisted he agreed “totally” with Truss’s “instincts.”
told Sky News sophie ridge on sunday Programme: “First we have to deal with the fundamentals.
“I noticed she said she hadn’t prepared a rationale for these big tax changes. , deal with the debt, and then look at tax cuts.
“I totally agree with Liz’s instinct to have a low tax economy, and I also know that if you do that before you’ve dealt with inflation and you’ve dealt with debt, you’re going to be in trouble. You can’t get growth without it.
“Rishi Sunak came on and the market didn’t like the situation at the time, so we removed that premium. So we’re back where we belong.”