UK Continues to Feel Economic Impact of Liz Truss's Leadership
Treasury Minister Darren Jones Addresses Lingering Market Concerns
Chief Secretary to the Treasury, Darren Jones, has stated that the UK is still recovering from the economic policies implemented during Liz Truss's tenure.
Despite recent market fluctuations following the budget announcement, Jones emphasized that the current situation is considerably different from the market instability triggered by Truss's mini-budget two years ago.
"I think we’ve all got PTSD from Liz Truss," Jones remarked on Sky News, highlighting the drastic measures taken under her leadership, including ignoring the Office for Budget Responsibility and announcing £45 billion in unfunded tax cuts.
Currently, the government's fiscal strategy is supported by verified reports from the Office for Budget Responsibility, which indicate progress in meeting fiscal goals.
Addressing concerns about market reactions to the budget, Jones explained that it is typical for markets to adjust to new financial information.
Responding to inquiries about the £950 daily rate for David Goldstone, the new chair of the Office for Value for Money, Jones defended the cost as a worthwhile investment for enhancing spending efficiency.
Goldstone, a non-executive director of the Submarine Delivery Agency and HS2 Ltd, has a distinguished career, overseeing significant projects like the £9.3 billion investment in the 2012 Olympics.
Despite recent market fluctuations following the budget announcement, Jones emphasized that the current situation is considerably different from the market instability triggered by Truss's mini-budget two years ago.
"I think we’ve all got PTSD from Liz Truss," Jones remarked on Sky News, highlighting the drastic measures taken under her leadership, including ignoring the Office for Budget Responsibility and announcing £45 billion in unfunded tax cuts.
Currently, the government's fiscal strategy is supported by verified reports from the Office for Budget Responsibility, which indicate progress in meeting fiscal goals.
Addressing concerns about market reactions to the budget, Jones explained that it is typical for markets to adjust to new financial information.
Responding to inquiries about the £950 daily rate for David Goldstone, the new chair of the Office for Value for Money, Jones defended the cost as a worthwhile investment for enhancing spending efficiency.
Goldstone, a non-executive director of the Submarine Delivery Agency and HS2 Ltd, has a distinguished career, overseeing significant projects like the £9.3 billion investment in the 2012 Olympics.
