London (Reuters) – British Foreign Minister Liz Truss clashes about the economic future with former Finance Minister Rishi Sung on Thursday as two competitors to become the next prime minister of the British debating the Bank of England’s warning about a long recession.
Truss faced Sakah to win the votes of 200,000 conservative party members who will be on September 5 chose to replace Boris Johnson, who was forced to resign after a series of scandals.
The Bank of England said on Thursday that Britain faced a protracted recession when inflation driven by energy prices squeezed the Bylaws. Overcoming the crisis in the economy will fall into Truss or Sung within a month.
Truss, a pioneer in the leadership contest, said the predictions of the central bank can be changed by cutting taxes. He said the government’s decision to raise the tax burden to the highest level since the 1950s which must be blamed for encouraging the economy to the recession.
We can change the results and we can make it more likely that the economy is growing, “Truss said in a debate broadcast by television.
You cannot impose taxes for growth. I’m worried that the tax we have today, the highest 70 years, tends to lead to a recession.”
As Minister of Finance, S He was applied an increase in taxes to pay government support offered during the Covid-19 Pandemi and to help the British subsidize the soaring energy bills. It has attracted criticism from many activists in the lowly historical tax party.
Sunda said the inflation surge that was projected to strengthen his view that the frame would be reckless to increase loans and cut off taxes now.
We in the conservative party need to be real and fast, because the lights in the economy are blinking red and the roots are inflation,” he said.
Sundanese said Truss’s plan would cause higher inflation and instead promised to cut taxes from time to time.
No Comments Yet