Liz Truss's tax-cutting plans would "completely crash the public finances", an influential economist has warned.
Institute for Fiscal Studies boss Paul Johnson blasted the Tory leadership frontrunner for pursuing a "simplistic" bid to solve the cost of living crisis by slashing taxes - and said the ideas bandied about were "quite worrying".
Earlier, Labour former Chancellor Alistair Darling warned that rocketing inflation coupled with a looming recession could generate a “lethal cocktail” to the British economy.
