Rishi Sunak attacks Truss tax cut plan after big interest rate rise
by Heather Stewart, Aubrey Allegretti and Jessica Elg from on (#62527)
Chancellor Nadhim Zahawi said to be on holiday as Bank of England adds to dire economic outlook
Rishi Sunak has seized on the Bank of England's historic half-point rate rise to claim that Liz Truss's plan for unfunded tax cuts would make everyone poorer".
The Bank's gloomy forecasts, published alongside the rate decision, underline the scale of the challenge facing the next prime minister, with the economy projected to plunge into a prolonged recession by the end of the year.
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