5 October 2022 - Truss two weeks away from the wilderness

Beyond Currency

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3y ago 3:18

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Kwasi Kwarteng, Chancellor of the Exchequer, was forced into a second U-turn yesterday as he brought forward the publication of the Government's financial statement from mid-November to the end of the month. At the time of the mini-budget, he was questioned why he was not presenting full financial figures to back his arguments regarding growth and taxation, The Conservative Party’s annual conference has been anything but a victory parade for the new leader. Former Party Chairman, Grant Schapps, was the first of the old guard to break ranks and criticise the first month of Liz Truss’ policies. There is another row brewing about benefits: Rumour has it that benefits paid to low income households and the unemployed would only be raised by the level of average earnings and not by the rate of inflation, despite a pledge by Boris Johnson last spring that they would keep pace with inflation.

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