Sunak: Truss' economic plan resembles socialism - Breaking The News
Download our appPlay StoreApp Store

Sunak: Truss' economic plan resembles socialism

EPA-EFE/JONATHAN HORDLE / ITV / HANDOUT MANDATORY CREDIT: JONATHAN HORDLE / ITV

The former British finance minister Rishi Sunak called the foreign minister Liz Truss' plan to cut taxes ''something for nothing economics'' as the cuts would be unfunded, stating that it resembles socialism. The comment was made during a second of three live debates between the five candidates that are now fighting to become a new United Kingdom prime minister.

Truss expressed her doubt that the former finance minister Rishi Sunak could promote economic growth in the country, given the fact that it has not yet happened during his chancellorship, while accusing him of raising taxes to a 70-year high.

Finally, commenting on the current situation with Russia, Truss was the only one who said she would be willing to sit down together with Russian President Vladimir Putin at the G20 meeting as she would see that as an opportunity to face Russia.

Related News
Sunak on new UK budget: Tax raised to record levels
Former United Kingdom Prime Minister Rishi Sunak criticized the new government and its October budget, which was revealed on Wednesday.In a statement, Sunak claimed that the Conservatives already warned the public that the Labour Party "would tax, borrow and spend far beyond what they were telling the country," accusing the new government of deceiving the citizens. "They have raised tax to record levels, they have broken their promises, and it is the...
Sunak criticizes Starmer's speech
Former United Kingdom Prime Minister Rishi Sunak took to X on Tuesday to denounce current Prime Minister Keir Starmer's remarks regarding the country's future finances."Keir Starmer's speech today was the clearest indication of what Labour has been planning to do all along - raise your taxes," Sunak stated.Talking about the UK's 2024 Autumn Budget, Starmer said that it will be "painful," adding that the country first needs to go through tough times...
OBR to review Tories' spring budget preparations
Britain's Office for Budget Responsibility Chair Richard Hughes announced on Monday that it will review preparations for the forecasts underlying the Conservative's Spring Statement after newly-appointed Chancellor of the Exchequer Rachel Reeves' audit showed a £22 billion "black hole" in public spending by the previous government."This would constitute one of the largest year-ahead overspends against DEL [Departmental Expenditures Limits]...
UK's Reeves: Tories did not have enough money to support Kiev
British Chancellor of the Exchequer Rachel Reeves (pictured) criticized the previous government for failing to allocate sufficient funds to support Ukraine on Monday, and vowed that the Labour Party would uphold the commitments made to Kiev.The newly-appointed chancellor announced that a review of government finances uncovered a £22 billion shortfall in this year's spending plans, which were inherited from the Conservative Party, and accused the...

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.