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Daily Record
Daily Record
Politics
Torcuil Crichton

The big gamble on tax cuts for the rich that could railroad the economy off the tracks

Everyone expected tax cuts from Kwasi Kwarteng and Liz Truss, this pair who have simply come out of the blue from the Tory leadership race to play with the nation’s train set.

But their sheer audacity and the scale of this mega mini-budget left the Commons slack jawed.

Kwarteng took visible pride in abolishing the cap on bankers’ bonuses, relished the biggest tax cuts for the rich since the 1970s, funded by £45 billion of borrowing on you and me. Any sane government would want their winter’s tale to be about energy support for the nation’s homes and businesses.

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