THE Tory government is set to cut benefits in real terms in order to fund tax cuts for the rich, according to reports.
Liz Truss has doubled down on her government’s disastrous “mini-budget”, insisting it is the “right plan” to get the economy moving despite chaos on the financial markets and fears of rocketing mortgage bills.
To fund the tax cuts and end to the cap on bankers’ bonuses, Truss’s government is looking at only increasing benefits in line with earnings, rather than inflation, to save an estimated £5 billion.
