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The Independent UK
The Independent UK
National
Ashley Cowburn

Former Treasury minister hits out at Liz Truss’s ‘endless crazy tax cuts’ and ‘laughable’ public sector U-turn

Liz Truss Tax Cuts Boris Johnson Jim ONeill
REUTERS

A former Treasury minister who worked under George Osborne has criticised Liz Truss’s “endless crazy tax cut” plans and described her now abandoned regional pay proposals as “laughable”.

The scathing comments from Jim O’Neill — a crossbench peer and economist — comes after the foreign secretary dropped a major policy barely 12 hours after it was launched after facing a significant backlash.

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