London Daily

Focus on the big picture.
Friday, Aug 29, 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
Bruce Willis Relocated Due to Advanced Dementia
French and Korean Nuclear Majors Clash As EU Launches Foreign Subsidy Probe
EU Stands Firm on Digital Rules as Trump Warns of Retaliation
Getting Ready for the 3rd Time in Its History, Germany Approves Voluntary Military Service for Teenagers
Argentine President Javier Milei Evacuated After Stones Thrown During Campaign Event
Denmark Confronts U.S. Diplomat Over Covert Trump-Linked Influence in Greenland
Starmer Should Back Away from ECHR, Says Jack Straw
Trump Demands RICO Charges Against George Soros and Son for Funding Violent Protests
Taylor Swift Announces Engagement to NFL Star Travis Kelce
France May Need IMF Bailout, Warns Finance Minister
Chinese AI Chipmaker Cambricon Posts Record Profit as Beijing Pushes Pivot from Nvidia
After the Shock of Defeat, Iranians Yearn for Change
Ukraine Finally Allows Young Men Aged Eighteen to Twenty-Two to Leave the Country
The Porn Remains, Privacy Disappears: How Britain Broke the Internet in Ten Days
YouTube Altered Content by Artificial Intelligence – Without Permission
Welcome to The Definition of Insanity: Germany Edition
Just a reminder, this is Michael Jackson's daughter, Paris.
Spotify’s Strange Move: The Feature Nobody Asked For – Returns
Manhunt in Australia: Armed Anti-Government Suspect Kills Police Officers Sent to Arrest Him
China Launches World’s Most Powerful Neutrino Detector
How Beijing-Linked Networks Shape Elections in New York City
Ukrainian Refugee Iryna Zarutska Fled War To US, Stabbed To Death
Elon Musk Sues Apple and OpenAI Over Alleged App Store Monopoly
2 Australian Police Shot Dead In Encounter In Rural Victoria State
Vietnam Evacuates Hundreds of Thousands as Typhoon Kajiki Strikes; China’s Sanya Shuts Down
UK Government Delays Decision on China’s Proposed London Embassy Amid Concerns Over Redacted Plans
A 150-Year Tradition to Be Abolished? Uproar Over the Popular Central Park Attraction
A new faith called Robotheism claims artificial intelligence isn’t just smart but actually God itself
Deputy Prime Minister Angela Rayner Purchases Third Property Amid Housing Tax Reforms Debate
HSBC Switzerland Ends Relationships with Over 1,000 Clients from Saudi Arabia, Lebanon, Qatar, and Egypt
Sharia Law Made Legally Binding in Austria Despite Warnings Over 'Incompatible' Values
Italian Facebook Group Sharing Intimate Images Without Consent Shut Down Amid Police Investigation
Dutch Foreign Minister Resigns Amid Deadlock Over Israel Sanctions
Trump and Allies Send Messages of Support to Ukraine on Independence Day Amid Ongoing Conflict
China Reels as Telegram Chat Group Shares Hidden-Camera Footage of Women and Children
Sam Nicoresti becomes first transgender comedian to win Edinburgh Comedy Award
Builders uncover historic human remains in Lancashire house renovation
Australia Wants to Tax Your Empty Bedrooms
MotoGP Cameraman Narrowly Avoids Pedro Acosta Crash at Hungarian Grand Prix
FBI Investigates John Bolton Over Classified Documents in High-Profile Raids
Report reveals OpenAI pitched national ChatGPT Plus subscription to UK ministers
Labour set to freeze income tax thresholds in long-term 'stealth' tax raid
Coca‑Cola explores sale of Costa coffee chain
Trial hears dog walker was chased and fatally stabbed by trio
Restaurateur resigns from government hospitality council over tax criticism
Spanish City funfair shut after serious ride injury
Suspected arson at Ilford restaurant leaves three in critical condition
Tottenham beat Manchester City to go top of Premier League
Bank holiday heatwave to hit 30°C before remnants of Hurricane Erin arrive
UK to deploy immigration advisers to West Africa to block fake visas
×