A warning from Liz Truss has come back to haunt her after footage showing her saying a tax cuts bonanza would lead to "boom and bust" was unearthed.
The clip, taken in 2018, showed the PM appearing to contradict her £43billion plan to slash taxes, which will increase the national debt. It comes after Chancellor Kwasi Kwarteng announced a giant package of tax cuts in his mini-Budget last month, spooking the financial markets in the process.
As reported by the Mirror, following a run on the pound Kwarteng scrapped the abolition of the top rate of income tax. However, he is pushing ahead with proposed changes to National Insurance and Corporation Tax.
