LIZ Truss has been told she has “no mandate whatsoever” to impose a new wave of austerity in order to fund her sweeping tax cuts for the rich.
The Tory government announced a £45 billion package of tax cuts, funded by public borrowing, in late September, leading to the collapse of the value of the pound.
The International Monetary Fund made an extraordinary intervention urging Truss to “re-evaluate” the plans, while the Bank of England was forced to step in with a £65bn bond-buying scheme to prevent pension funds collapsing.
