Truss attacks Sunak’s ‘disastrous’ economic plan ahead of second TV debate

Liz Truss has claimed Rishi Sunak’s plans for the economy would be a “disaster” for owners, businesses and workers just hours before the two face off on TV for the second time in 24 hours.

The Foreign Secretary, who turns 47 on Tuesday, was quick to attack her former Cabinet colleague, telling Sky News the former chancellor’s tax plans ‘will put off people who want to invest in Britain “.

When told that her economic policy was backed by a minority of economists, Ms Truss insisted that her policy was not based “on the number of economists”, adding: “The question is find out who is right”.

The Tory leadership hopeful was speaking at a campaign event in Sussex, hours before she and the former Chancellor face off at a 6pm TalkTV/Sun event.

She was asked about the IMF’s new global economic update, which implies that not cutting taxes and cutting spending is the way to go.

Ms Truss told Sky News: “Let’s be clear, his (Rishi Sunak’s) plan is to raise taxes.

“He plans to increase corporate taxes, putting our taxes at the same level as France.

“It will discourage people who want to invest in Britain. And I know there are loads of opportunities all over the country.

“Less investment means fewer jobs, fewer opportunities, lower wages and lower productivity in the future. So it’s cutting off our noses to upset our faces.

“The fact is that we promised in our manifesto not to increase National Insurance. I thought it was wrong at the time to do it, and that’s why I would reverse it.

“I also want to put money in people’s pockets.”

She added: “I could quote the OECD (Organization for Economic Co-operation and Development) who have said that our current policy is restrictive.

“And what that means is that it will lead to a recession. A recession would be a disaster. It would be a disaster for people who own property. It would be a disaster for people who go to work. It would be a disaster for people who run businesses.

“That’s why I want to keep taxes low, attract investment, promote growth. It’s the best way to pay off our debt.

Fiscal and economic policy has so far dominated the leadership contest.

On Monday night, Mr Sunak and Ms Truss trashed each other’s economic plans during the BBC’s televised debate, while the personal attacks continued, with Mr Sunak accused by allies of Ms Truss of ‘mansplaining’ during the debate.

Mr Sunak claimed there was ‘nothing conservative’ about Ms Truss’ approach to cutting taxes and increasing borrowing, saying it would give the party ‘absolutely no chance’ of winning the next election .

The Foreign Secretary, in turn, suggested her rival would lead the country into a recession and criticized him for raising taxes to the “highest rate in 70 years”.

On China, Ms Truss accused her rival of ‘pushing for closer trade relations’ while Mr Sunak said ‘Liz has taken a journey’ to get to a point where she opposes closer ties. narrow.

Mr Sunak also sought to highlight his decision to quit Mr Johnson’s government as a sign that he is acting on his principles, while Ms Truss stressed his loyalty to his current boss.

But both candidates ruled out a job for Mr Johnson at their firm, with Ms Truss saying she thought he ‘needed a well-deserved break’ before finally adding: ‘I’m sure he will have a role, I’m sure he will be vocal but he will not be part of the government.

Mr Sunak was more blunt in his response saying: “The simple answer for me is no.”

An Opinium snap poll, based on a sample of 1,032 voters, found 39% thought Mr Sunak had the best results, compared to 38% for Ms Truss, but crucially Conservative voters split 47% 38% in favor of the Minister of Foreign Affairs.

While mail-in ballots are expected to arrive at the doorsteps of Tory members by August 5, Mr Sunak needs strong performances in debates and early roundups.

Opinion polls and membership polls have suggested he is following Ms Truss in the battle to win the votes of the card-carrying Tories, with the Foreign Secretary the bookmakers’ favorite to be elected Tory leader September 5.

– The debate will be broadcast on the Sun website and on TalkTV from 6 p.m.

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