Liz Truss to ‘boost the economy’ with blueprint to cut EU red tape | Politics | New

Liz Truss intends to ‘boost’ the economy by introducing a rapid round of tax cuts and reducing EU trade restrictions if her bid to become the next Conservative leader is successful. Her rival, Rishi Sunak, strongly criticized the foreign minister’s economic policies, calling his inflation-fighting strategy a “fantastic economy”. However, Ms Truss’ supporters said she would work to put more money in people’s pockets by cutting tax burdens and controlling soaring energy costs. Tory MP Ranil Jayawardena said: “I have worked with Liz Truss at the Department for International Trade and I know she gets things done and can be trusted to deliver.”

Mr Jayawardena worked alongside Ms Truss after she was appointed Minister for International Trade in May 2020.

Speaking on Talk TV, Mr Jayawardena continued: ‘She understands that people are worried about the future of our country and she can be trusted to deliver on her promises.

“From lowering bills to families with a pause on energy taxes, lowering taxes by stopping the corporate tax hike and canceling the new National Insurance tax.

“This is how we should move our country forward. This is how we grow our economy – you can’t tax your way to growth.

Rising energy costs, which have become a central focus of the Conservative leadership race, have sent household funds plummeting across the country.

With the energy price cap set to reach a staggering £3,592 this autumn, according to energy industry analyst group Cornwall Insight, thousands of people are at risk of entering the fuel poverty as winter approaches.

Ms Truss said: ‘I can assure people that I will do everything I can to make sure the energy is affordable and we get through this winter.

She didn’t rule out introducing new grants to help with fuel costs, but added: “My priority is to make sure we don’t take money from people and give it back to them later. .”

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