London Daily

Focus on the big picture.
Saturday, Jul 19, 2025

0:00
0:00

Lowering taxes best way to attract investments and to avoid recession, says Liz Truss. Sunak offers no economic plan, only a wish (to "fight" inflation, no "how" to do it, just a wish)

Tory leadership contender Liz Truss has defended her plans to lower taxes, describing them as the best way to avoid a recession. Her rival, Rishi Sunak, "wants" to tackle inflation before cutting any taxes, but has no plan how to do it. He just "wants" what sounds good as a salesman, but has no idea how to get it done.
On a visit to Solihull, she said lowering taxes would help ease the cost of living crisis.

Liz Truss was speaking after she had said she favoured lowering taxes over "giving out handouts" to help households hit by higher fuel bills.

Her rival, Rishi Sunak, wants to tackle inflation before cutting taxes, but has no plan how to do it. He just "want" what sounds good but does not know how to get it done.

Ms Truss also took aim at Mr Sunak's failed economic legacy as chancellor after the Bank of England warned this week that the UK would fall into recession as it raised interest rates by the highest amount in 27 years.

She added: "Under the plans at present, what we know is Britain is headed for a recession.

"That is not inevitable, but we need to avoid that by making sure our economy is competitive, that we're encouraging businesses to grow and that we are keeping taxes low."

Her rival Mr Sunak has said he would focus on getting a grip on inflation. But how? He has no clue...

Responding to Ms Truss's comments, the former chancellor said it is "simply wrong to rule out further direct support at this time".

"Her tax proposals are not going to help very significantly, people like pensioners or those on low incomes who are exactly the kind of families that are going to need help", said Mr Sunak, without offering them any help too anyway.

He said he wants to "ensure" that the people who really need our help do get the support that they need to get through the winter. But.... how he is going to get it done??? How is he as a prime minister going to solve the huge problems that he, as a chancellor, created?

Speaking at a leadership hustings in Eastbourne on Friday, he said the Tories can "kiss goodbye" to winning the next election if inflation is not brought under control quickly. But he do not have any practical plan how to bring the inflation under control. Not quickly and not even slowly.

He highlighted a warning by the Bank of England that inflation could become embedded, as if he was not the Chancellor who has been responsible for this problem.

The Bank of England has warned inflation - currently 9.4% - could peak at more than 13% and stay at "very elevated levels" throughout much of next year.

Mr Sunak said there would be "no hope that we're going to win that next election" amid continuing rising prices".

Well, a victory in the next election by the very same people - Sunak and/or Truss - that led Britain to the current economic disaster is not a hope, but a risk.

I really doubt if the Labour Party has anything less bad to offer. But, what we can all be sure of, based on the practical experience we have so far, is that the current government in Britain, and it doesn't really matter who the loser will be at the head of it, is the bearer of sole responsibility for the economic catastrophe that Britain degenerated into during their rule, and not the solution to it.

Everyone in the political system in Britain continues to deal with the colonialist concept of how much more tax to take from the public, to pamper those who control it, instead of stopping taking more and more taxes and start giving something back, for a change.

Britain is not a democracy, but a bureaucracy. Britain is a bureaucratic monster where the working public is suffocated to finance a huge apparatus of leeches, who contribute nothing real to Britain's security, economy or well-being. A huge swarm of public servants who receive huge salaries and outrageous benefits, in exchange for doing nothing for the public and everything for themselves.

The British public service consists of thirty percent public servants who are essential, useful and loyal to the public, and seventy percent leeches who take credit for the wonderful work that the thirty percent of public servants actually do.

This is the real problem of the economy in Britain, too big government expenses and too little benefits back for the huge taxes Britain is taking from the poor and the middle class. The public must concentrate only on its solution, without allowing dubious politicians to promise solving problems that they themselves are guilty of creating.
Newsletter

Related Articles

0:00
0:00
Close
Brazil's Supreme Court Imposes Radical Restrictions on Former President Bolsonaro
Centrist Criticism of von der Leyen Resurfaces as she Survives EU Confidence Vote
Judge Criticizes DOJ Over Secrecy in Dropping Charges Against Gang Leader
Apple Closes $16.5 Billion Tax Dispute With Ireland
Von der Leyen Faces Setback Over €2 Trillion EU Budget Proposal
UK and Germany Collaborate on Global Military Equipment Sales
Trump Plans Over 10% Tariffs on African and Caribbean Nations
Flying Taxi CEO Reclaims Billionaire Status After Stock Surge
Epstein Files Deepen Republican Party Divide
Zuckerberg Faces $8 Billion Privacy Lawsuit From Meta Shareholders
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
SpaceX Nears $400 Billion Valuation With New Share Sale
Microsoft, US Lab to Use AI for Faster Nuclear Plant Licensing
Trump Walks Back Talk of Firing Fed Chair Jerome Powell
Zelensky Reshuffles Cabinet to Win Support at Home and in Washington
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Irish Tech Worker Detained 100 days by US Authorities for Overstaying Visa
Dimon Warns on Fed Independence as Trump Administration Eyes Powell’s Succession
Church of England Removes 1991 Sexuality Guidelines from Clergy Selection
Superman Franchise Achieves Success with Latest Release
Hungary's Viktor Orban Rejects Agreements on Illegal Migration
Jeff Bezos Considers Purchasing Condé Nast as a Wedding Gift
Ghislaine Maxwell Says She’s Ready to Testify Before Congress on Epstein’s Criminal Empire
Bal des Pompiers: A Celebration of Community and Firefighter Culture in France
FBI Chief Kash Patel Denies Resignation Speculations Amid Epstein List Controversy
Air India Pilot’s Mental Health Records Under Scrutiny
Google Secures Windsurf AI Coding Team in $2.4 Billion Licence Deal
Jamie Dimon Warns Europe Is Losing Global Competitiveness and Flags Market Complacency
South African Police Minister Suspended Amid Organised Crime Allegations
Nvidia CEO Claims Chinese Military Reluctance to Use US AI Technology
Hong Kong Advances Digital Asset Strategy to Address Economic Challenges
Australia Rules Out Pre‑commitment of Troops, Reinforces Defence Posture Amid US‑China Tensions
Martha Wells Says Humanity Still Far from True Artificial Intelligence
Nvidia Becomes World’s First Four‑Trillion‑Dollar Company Amid AI Boom
U.S. Resumes Deportations to Third Countries After Supreme Court Ruling
Excavation Begins at Site of Mass Grave for Children at Former Irish Institution
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
EU Delays Retaliatory Tariffs Amid New U.S. Threats on Imports
Trump Defends Attorney General Pam Bondi Amid Epstein Memo Backlash
Renault Shares Drop as CEO Luca de Meo Announces Departure Amid Reports of Move to Kering
Senior Aides for King Charles and Prince Harry Hold Secret Peace Summit
Anti‑Semitism ‘Normalised’ in Middle‑Class Britain, Says Commission Co‑Chair
King Charles Meets David Beckham at Chelsea Flower Show
If the Department is Really About Justice: Ghislaine Maxwell Should Be Freed Now
NYC Candidate Zohran Mamdani’s ‘Antifada’ Remarks Spark National Debate on Political Language and Economic Policy
President Trump Visits Flood-Ravaged Texas, Praises Community Strength and First Responders
From Mystery to Meltdown, Crisis Within the Trump Administration: Epstein Files Ignite A Deepening Rift at the Highest Levels of Government Reveals Chaos, Leaks, and Growing MAGA Backlash
Trump Slams Putin Over War Death Toll, Teases Major Russia Announcement
Reparations argument crushed
Rainmaker CEO Says Cloud Seeding Paused Before Deadly Texas Floods
×