MPs express bafflement PM has resolved to do so little since ‘steadying ship’ after Truss’s disastrous tenure
It seems extraordinary to many Conservative MPs that a debate over their party’s economic direction rages on almost one year after Liz Truss was forced out of office.maintain she was right to promote tax cuts over public service spending, while those who want levelling up to be measured in multiple billions of pounds have campaigned vigorously for a more statist approach.” has a ring of truth.
Hunt and Sunak have repeated the phrase “a reduction in inflation is like a tax cut” wherever they face criticism from anxious MPs who believe it will take a real tax cut or big spending plan to beat Labour and the Liberal Democrats at the polls. Hunt has also popped up on the fringes of the conference, telling Tory members that he wasn’t kidding in his main conference speech that modest changes to labour market rules, minor adjustments to skills training and a cap on civil servants to save £1bn are the limit of his current ambition.
Treasury officials stress that the autumn statement in November will be constrained by forecasts from the Office for Budget Responsibility , narrowing the chancellor’s options as the election approaches.
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