Article 62RNZ Truss poised to plunge UK economy into ‘inflation spiral’, says Sunak

Truss poised to plunge UK economy into ‘inflation spiral’, says Sunak

by
Tobi Thomas and Rowena Mason
from on (#62RNZ)

Truss cannot deliver 50bn tax cuts and support packages without pushing debt to dangerous levels, says Tory leadership rival

Liz Truss will plunge the economy into an inflation spiral" if she does not choose between her unfunded 50bn tax cuts and providing cost of living support, her Conservative party leadership opponent, Rishi Sunak, has claimed.

Sunak's leadership campaign said Truss would increase borrowing to historic and dangerous levels" and place public finances into serious jeopardy" if she attempted to do both.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/business/economics/rss
Feed Title
Feed Link http://feeds.theguardian.com/
Reply 0 comments