Liz Truss and Kwasi Kwarteng have gambled the country in the casino with huge tax cuts for the wealthy and big businesses funded by massive borrowing, Labour has claimed.
Shadow chancellor Rachel Reeves said that when Britain faces a cost-of-living crisis, soaring inflation and climbing interest rates the Prime Minister and Chancellor were like “two desperate gamblers in a casino chasing a losing run”.
Opposition parties were left staggered by Kwarteng’s announcement of multi-billion tax cuts for the rich and big companies in an emergency mini-budget.
