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sLeveling Up’s secretary imon Clarke attends the government morning media roundup as he sets the tone for Kwasi Kwarteng’s “mini-budget”.
Clarke was told during an interview on Sky News that the Institute for Fiscal Studies think tank had described Liz Truss’ strategy for achieving economic growth as “a gamble at best”.
He replied, “No, it isn’t. It’s about arguing that if we want to go back to the trend growth that this country had before the 2008 financial crisis, the 2.5 percent average that we used to see, we have to go back to the measures that we know work and that seen in the 1980s and 1990s, of course, helped to fuel a period of tremendous prosperity in the British economy.
“That is, we need to make sure that, in addition to a clearly large government investment program, we also focus on the real growth engines and that is, reducing the tax burden that both businesses and households face.
“That’s something the Prime Minister has put at the heart of her leadership campaign this summer and today we’re going to see that in action through what I believe will be a very important and groundbreaking financial statement.”
Latest mini-budget: Kwasi Kwarteng announces tax cuts worth £45bn – Canada Express News
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