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The Independent UK
The Independent UK
National
Adam Forrest

Liz Truss tax cuts policy ‘ridiculous’ and risks 1970s-style inflation, economists warn

Liz Truss Inflation Tax Cuts ​​Rishi Sunak Patrick Minford Brexiteer IFS
PA

Conservative leadership candidate Liz Truss’ plan to bring in immediate tax cuts is likely to push up prices and risks a return to 1970s-style inflation, top economists have warned.

The foreign secretary has pledged to bring in tax cuts of at least £30bn if she becomes prime minister, claiming on Thursday: “My tax cuts will decrease inflation.”

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