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Home Business Liz Truss’s New Economic Agenda Looks a Lot Like the Labour’s

Liz Truss’s New Economic Agenda Looks a Lot Like the Labour’s

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Former prime minister Rishi Sunak, who lost to Truth in last summer’s party leadership election, has become a symbol of a tax loophole as his wife, Akshata Murthy, the daughter of an Indian tech billionaire, used so-called tax exemptions. became. – Domicile status to avoid paying millions of pounds in taxes.

The scale of the challenge facing Mr. Hunt is so great that it forces him to make unacceptable decisions, such as adopting policies that Mr. Truss until recently derided. As his party leader candidate, Hunt himself proposed cutting the corporate tax rate to 15%. Now it rises to 25 percent.

Stephen Fielding, professor emeritus of political science at the University of Nottingham, said, “Whether it’s the workers’ idea or someone else’s idea, the best he can do is stabilize the ship and keep it from sinking any further. But he added, “It’s a win-win for workers that the Conservatives appear to be stealing workers’ clothes because it gives them confidence.”

With Labor looking increasingly likely to win the next general election, the party is now facing more scrutiny in the news media over how it will balance its books. In addition to ending the windfall profit tax on energy companies and concessions to taxpayers, Reeves also talks about trying to recoup the government’s money lost to fraud during the pandemic. But that doesn’t seem likely to add much.

In a speech at the party’s convention last month, Mr Sturmer warned that the next Labor government would face tough choices at a time when government spending program funds are tight. Members of the Labor Party are calling for a quick general election, but they are doing so confidently that the Conservatives are far behind in the polls and will never agree.

Professor Fielding said: “Labour must be praying that the Conservatives aren’t mad enough to call for an election. They probably want Jeremy Hunt to sort out at least some of this mess before taking over.” I’m in

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