Liz Truss has badly stumbled on the very selling points that took her into Downing Street.
retained their faith in “Trussonomics.” But, on Sunday, as the Conservative Party conference kicked off, some prominent Conservative MPs publicly spoke out against the cuts—specifically the notion of cutting taxes for the rich during a cost of living crisis. “There are two major things that are problematic with the fiscal event,” former Conservative cabinet minister. “The first is the sheer risk of using borrowed money to fund tax cuts. That is not Conservative.
The party conference should have been an opportunity for Kwarteng and Truss to bask in their newfound leadership, and shore up enthusiasm and loyalty. However, on Sunday evening, according toin Truss’s hotel suite. Persuaded they didn’t have the numbers to pass the tax cut through parliament, they agreed it needed to be dropped. Early the next morning, Kwarteng released a statement.
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