London Daily

Focus on the big picture.
Saturday, Sep 12, 2026

Lowering taxes best way to attract investments and to avoid recession, says Liz Truss. Sunak has no economic plan, only a wish to fight as PM the inflation he as a chancellor created

Vincent Swift
That is strange. It is strange that the political party which led Britain into this current economic disaster should be talking of winning the next election as a "hope", not as a risk. Two years ago Tories embraced golden-boy Sunak's unprecedented 400 billion pound give-away as a masterstroke. (And, to be fair, Labour weren't far behind in hailing it as a latter-day miracle)

Well, the music's stopped. Because the bill's arrived. And it's time to pay the piper.
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 taxes, but has no plan how to do it. (He just "wants" but has no idea how to get it done.)

On a visit to Solihull, Liz Truss said lowering taxes would help ease the cost of living crisis.

She said she preferred this course of action over "giving out handouts" to help households hit by higher fuel bills.

Her rival Rishi Sunak wants to tackle inflation before cutting taxes, but gave no plan how to do it. He just "wants" .....whatever sounds good, but clearly has no idea 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 said he would focus on getting a grip on inflation. But how? It seems 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 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 is he going to get it done? How, as prime minister, is he going to solve the huge problem that he, as Chancellor, created?

Speaking at the 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 does not have a practical plan to bring 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 were not the Chancellor who was responsible for this problem in the first place.

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".

That is strange. It is strange that the political party which led Britain into this current economic disaster should be talking of winning the next election as a "hope", not as a risk. Because that is the clear risk they took, knowingly, willingly .....and, from memory, even gleefully. Two years ago Tories embraced golden-boy Sunak's unprecedented 400 billion pound give-away as a masterstroke. (And, to be fair, Labour weren't far behind in hailing it as a latter-day miracle, even if it wasn't their golden-boy dishing it out.)

Well, the music's stopped. Because the bill's arrived. And it's time to pay the piper.

For sure, the current government bears sole responsibility for the economic catastrophe that has engulfed Britain during their rule. And equally for sure, this leadership contest doesn't really matter, because under the next leader - whoever it is - they will not find a solution to it. (Though Truss is at least making the right noises; whereas Sunak is still just sounding off, quite nicely, same as usual.)

But actually, Sunak's impetuous, mindless, Treasury-emptying giveaway isn't the root cause of the UK's financial problems. It's merely the latest and greatest, record-breaking instance symptom of it.

The root cause is that the political system in Britain - and everyone who is part of it - is designed to perpetuate the extraction of ever greater taxes from the public, purely to pamper those who control it, while providing a minimal level service to the brainwashed public which is just about shiny and sweet enough to keep them from outright revolution. This system is actually just the latest iteration of Britain's age-old screwing of its citizens from nicely-straightforward village feudalism, refined in the days of Empire as rapacious colonialism, brought home to our post-World War Two towns as enlightened but expensive socialism, and "re-imagined" for the connected cities of today's brave new world as "caring government".

(As usual, the French have a more elegant way to describe it: Louis XIV's finance minister Colbert - Sunak's equivalent - believed that “the art of taxation consists in so plucking the goose as to obtain the largest possible amount of feathers with the smallest possible amount of hissing." You can use that one, Rishi. You're welcome.)

Britain's political system is not a democracy, but in fact a bureaucracy. It is a bloated, bureaucratic monster where the hard-pressed, hard-working public is being bled dry to finance a huge apparatus of leeches, who contribute nothing real to Britain's security, economy or well-being. Where a vast swarm of public servants receive huge salaries and outrageous benefits, and gorge themselves on the taxpayers' flesh, in exchange for doing nothing for the public and everything for themselves. Where the greediest parasites at the top are hidden from public view by the multiple layers they have inserted between us and them. And where you can't see their blood-sucking hydra heads that you'd chop off (metaphorically speaking of course) if they popped up in your local pub.

The British public sector consists of thirty percent of public servants who are essential, useful and loyal to the public, and seventy percent of lazy, useless, vicious leeches who take credit for the wonderful work done by the virtuous thirty percent.

This is the real underlying problem of the British economy. And it is not going to be solved by putting a marginally more useful idiot in charge of the village, let alone the country.
Newsletter

Related Articles

0:00
0:00
Close
Chinese Crypto Entrepreneur Leon Li Identified as Seller of £190 Million London Mansion
Trades Union Congress Proposes Social Energy Tariff Funded by Higher Bank Surcharge
British Chambers of Commerce Calls for State Pension Triple Lock to Be Scrapped
Anthropic Says Claude Helped Disrupt Biological Weapons and Cyber Espionage Threats
UK Imposes Sanctions Over Israeli Settlements and West Bank Violence
UK Reimposes Sectoral Sanctions on Iran’s Aviation, Shipping and Energy Networks
UK Economy Grows 0.4% in July as AI and Programming Services Lift Activity
UK House of Commons Rejects Assisted Dying Bill by 286 Votes to 270
UK Reviews Nationwide Emergency Alert Tests After Systems Meet Reliability Targets
UK Seeks Faster Rail Links Across Northern Industrial Corridors
British Business Bank Allocates £150 Million for High-Growth Companies in Northern England
BBC Warns Staff Strikes Are Possible Amid Pay Dispute and £500 Million Savings Drive
UK Backs Short Extension of UN Sudan Sanctions Regime
Prime Minister Andy Burnham Defends Early Prison Release Reforms and Growth Strategy
Reform UK Faces Scrutiny Over Alleged Effort to Circumvent Foreign Donation Rules
UK Analysts Warn Tax Rises or Spending Cuts May Be Needed to Preserve Fiscal Headroom
Jaguar Land Rover Plans Up to 4,000 Job Cuts in £1.7 Billion Cost-Saving Drive
UK Chancellor Warns of Difficult October Budget as Borrowing Costs Rise
UK Declares Israeli Occupation of West Bank Unlawful and Expands Sanctions
UK House of Commons Rejects Assisted Dying Bill for England and Wales
English Councils to Gain Power to Introduce Tourist Taxes by 2028
Kemi Badenoch Reshuffles Conservative Shadow Cabinet
Firefighters Make Progress Containing Major Wildfires in South Wales
John Lewis Partnership Reports £124 Million Loss
Study Says UK AI Data Centres Will Create Only a Quarter of Forecast Jobs
UK Government Considers Higher Industrial Water Prices Amid Supply Pressures
Andy Burnham Holds First Call With Donald Trump as UK Prime Minister
NHS Records Busiest Summer on Record as Heatwaves Drive Hospital Admissions
Home Secretary Orders Police Crackdown on Far-Right Anti-Migrant Vigilantes
UK Supreme Court Rules Northern Ireland Religious Education Curriculum Breaches Human Rights Standards
Markets Price in Four Bank of England Rate Rises by Next Summer
House of Commons Prepares Free Vote on Assisted Dying Bill
UK Government Bans Trade With Israeli Settlements in Occupied Territories
UK Economy Grows 0.4% in July as Artificial Intelligence Investment Supports Expansion
Andy Burnham Becomes UK Prime Minister After Keir Starmer Resigns
John Lewis Partnership Loss Widens to £124 Million
UK Government to Put White Working-Class Social Mobility at Centre of Equality Policy
McLaren Plans £450 Million Technology Investment Creating 1,000 UK Jobs
UK Chancellor Faces Calls for Wealth Taxes and Public Ownership in Autumn Budget
English Mayors to Gain Powers to Impose Uncapped Overnight Tourist Taxes
JPMorgan’s Jamie Dimon Warns UK Government Against Bank Windfall Taxes
UK Air Traffic Control Outage Cancels More Than 2,000 Flights
UK Imposes Trade Ban on Israeli Settlements in the West Bank
UK Borrowing Costs Surge as Middle East Tensions Push Long-Term Gilt Yields to Highest Since 1998
Buckingham Palace Says Prince Harry and Meghan Will Not Resume Official Royal Duties
UK Treasury Faces Calls to Scrap £100,000 Childcare Support Threshold
Trades Union Congress Urges Labour Government to Rewrite Migration Policy
Riot Police Deployed After Anti-Migrant Protests Turn Violent in Portsmouth
UK Considers Replacing Some Disability Cash Payments With Direct Services
JPMorgan’s Jamie Dimon Warns UK Chancellor Against Higher Banking Taxes
×