Article 61NM7 Liz Truss’s tax and spending plans sow consternation among economists

Liz Truss’s tax and spending plans sow consternation among economists

by
Phillip Inman
from on (#61NM7)

Analysis: experts are lining up to warn that her policies will increase inflation and leave the UK with higher debt

Liz Truss claims her economic agenda of tax cuts and public spending will revitalise the UK economy, but it is not just her rival prime ministerial candidate Rishi Sunak arguing that the measures will be self-defeating.

Economists have lined up to warn that her 30bn package - including the reversal of this year's national insurance rise, the suspension of green levies on power bills, and the cancellation of a sharp rise in corporation tax in 2023 - will increase inflation and leave the government with higher debt bills.

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