Chris Philp Has Criticised Liz Truss's Mini-Budget And People Are Making The Same Point
Chris Philp has criticised Liz Truss's disastrous mini-Budget – despite publicly backing it at the time.
The Tory frontbencher took aim at his former boss as he slammed Nigel Farage'sunfunded spending plans.
The Reform UK leader said his party would bring back winter fuel payments for every pensioner, scrap the two-child benefit cap and stop anyone earning less than £20,000 a year from paying tax.
Experts said the spending spree could cost around £100 billion.
On Time Radio, Philp said: 'What Nigel Farage is proposing to do, in terms of the tax cuts and spending increases he is proposing, is two-and-a-half or even three times the scale of what Liz Truss attempted back in September, 2022.
'I was at the time urging spending restraint to partially offset the proposed tax cuts because it was clear to me at the time you can't just have unfunded tax cuts on that scale. Unfortunately, the case I made internally wasn't listened to and we've all seen the results subsequently.'
'It's very irresponsible of Nigel Farage to be proposing these unfunded spending measures.'Reform's welfare vows are 'three times the scale' of what Liz Truss attempted when she was prime minister, says treasury minister under Truss Chris Philp.@CPhilpOfficial | @JPonpoliticspic.twitter.com/zzp70Or8un
— Times Radio (@TimesRadio) May 27, 2025
Philp was chief secretary to the Treasury during Truss's 49-day spell as prime minister.
Just hours after the tax-slashing mini-Budget, when the value of the pound briefly went up, Philp tweeted: 'Great to see sterling strengthening on the back of the new UK Growth Plan.'
Shortly afterwards, the pound plummeted amid market turmoil.
Philp also gave the mini-Budget '9.5 out of 10', claiming it would boost economic growth.
The shadow home secretary's stunning about-turn was not lost on social media users.
If only Chris Philp had been in a position to have done something about this...The Tories admit they crashed the economy and sent mortgages rocketing. Yet still no apology. They haven't listened and will never learn.@TimesRadiopic.twitter.com/VbdT98xAdP
— Labour Press (@labourpress) May 27, 2025
I'm old enough to remember you backing Truss 🤡
— https://bsky.app/profile/jimboinlimbo.bsky.social (@JamesJamessowen) May 27, 2025
He was Liz Truss's biggest backer🤣
— David (@davidprice261) May 27, 2025
'Trussonomics On Steroids': Farage Compared To Failed Tory PM Over 'Unfunded' Reform Spending Spree
Farage Mocked After Reform Leave Liz Truss Off List Of Tory Leaders Who 'Broke Britain' – Exclusive
Liz Truss Prompts One Huge, Collective Eye Roll After Her Latest Attack On The PM
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Bloomberg
26 minutes ago
- Bloomberg
Don't Count on a Sustained Fed-ECB Decoupling, Schnabel Says
It would be wrong to expect a persistent policy divergence between the US Federal Reserve and the European Central Bank, according to Executive Board member Isabel Schnabel. 'I expect this trade conflict to play out as a global shock that's working for both global demand and supply — we can discuss which of the two effects on inflation is larger because that that determines the net effect,' the German central banker said on Saturday.


New York Times
41 minutes ago
- New York Times
Macron Will Visit Greenland This Month, Defying Trump
In a challenge to President's Trump's vow to take control of Greenland, President Emmanuel Macron of France will visit the enormous Arctic island on June 15 with the aim of 'contributing to the reinforcement of European sovereignty.' The French presidency announced the visit on Saturday, saying that Mr. Macron had accepted an invitation from Jens-Frederik Nielsen, Greenland's prime minister, and Mette Frederiksen, the Danish prime minister, with whom it said Mr. Macron would discuss 'security in the North Atlantic and the Arctic.' Greenland, a semiautonomous island that is a territory of Denmark, a NATO ally, has been thrust in recent months from a remote, uneventful existence to the center of a geostrategic storm by Mr. Trump's repeated demands that it become part of the United States, one way or another. 'I think there's a good possibility that we could do it without military force,' Mr. Trump told NBC in March, but added that he would not 'take anything off the table.' Mr. Macron, who has seen in the various provocations directed at Europe by the Trump administration an opportunity for European assertion of its power, will be the first foreign head of state to go to Greenland since Mr. Trump embarked on his annexation campaign this year. JD Vance, the American vice president, visited Greenland in March. The trip was drastically scaled back and confined to a remote military base after the threat of local protests. Want all of The Times? Subscribe.

Yahoo
an hour ago
- Yahoo
Poundland plots rent cuts in battle for survival
Poundland bosses are hatching a plan to enforce steep rent cuts on store landlords as part of a last-ditch bid for survival. The discount retailer has earmarked hundreds of stores for sharp rent reductions as its Polish parent company looks to persuade new owners to take the chain off its hands. An auction of Poundland has been whittled down to a shoot-out between the distressed investment funds Gordon Brothers and Hilco. The winning bidder will inherit a radical new turnaround plan drawn up by senior management, which proposes taking the axe to Poundland's sprawling estate of more than 800 stores. Between 150 and 200 have been singled out for imminent closure with as many as 500 more selected for swingeing rent bill decreases as bosses seek to dramatically rein in costs. Poundland employs 16,000 people. It is understood the company hopes to impose reductions on landlords of anywhere between 10pc and 50pc, while pulling out of scores of other sites via a court-sanctioned restructuring scheme. However, there is no guarantee that a judge will approve the proposal. A source familiar with the situation said any future decisions on rents would be for a potential new owner. Such extreme steps are usually attempted via an insolvency process known as a company voluntary arrangement in which landlords are handed a vote on any cost-cutting measures that will affect them. Barry Williams, the retailer's former managing director, was parachuted back on to the board at the beginning of the year to help address Poundland's spiralling crisis. Pepco crashed to a £548m loss in December after taking a £650m write-down on its UK operations. It blamed a 'significant decline in performance' as well as spiralling costs at Poundland for the setback. Under new owners, closures are expected to be accompanied by a huge cash injection as they seeks to turn around Poundland's dwindling fortunes. Prospective backers anticipate having to immediately pump in between £70m and £100m to stabilise the company. Those involved in the talks say Poundland's advisers at Teneo hoped to have entered exclusive talks with one of the remaining bidders this week. However, the timetable appears to have slipped, prompting speculation about whether investor appetite had waned as result of the funds needed to turn the retailer around and concerns over the complexity involved. There are also worries that trading at Poundland has continued to deteriorate, exacerbating its precarious situation. Last month, Pepco told investors not to expect 'major proceeds' from any sale of Poundland. It also warned that the chain might not make a profit in the forthcoming financial year. The business continued to face 'highly challenging trading conditions' in the six months to the end of March, it said. Like-for-like sales were down 7.3pc and pre-tax earnings slumped three quarters to €22m (£18.6m). A Pepco Group spokesman said: 'The focus of the group and advisers is currently on a potential sale of Poundland. This is an ongoing process and no final decisions have been taken.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data