Latest news with #Truss
Telegraph
5 days ago
- Business
- Telegraph
A long-term plan is needed to get the country out of its financial hole
SIR – Whether by raising income tax rates, a wealth tax or through less overt measures, the Government will try to extract more money from the people that it serves ('Reeves facing £50bn black hole as tax pressure mounts ', report, August 6). However, such measures risk being self-defeating. Those who are unable or unwilling to leave the country will bear the brunt of the tax rises. That includes standard and higher-rate taxpayers. Every pound the Government extracts from their bank accounts is a pound that cannot be spent on businesses that provide goods and services. Thus, businesses will take another hit which, in turn, will reduce their tax payments. Since the failure of the Truss administration, there has been no long-term plan to get the country out of its financial hole. Eventually, there will have to be one and it will likely involve curbing the insatiable appetite of government to control and spend. When such a plan sees the light of day we may be surprised at the boost it gives to confidence and investment. David Porter Plymouth, Devon SIR – Labour dug itself a financial hole when it pledged not to increase National Insurance (NI), VAT or income tax rates. Instead of imposing VAT on private schools and possibly even on private health, a simple 1 or 2 per cent rise on NI and/or the basic rate of income tax would have solved the Chancellor's problems. Now she is having to cast her net wider – and creating more problems as a result. John Tilsiter Radlett, Hertfordshire SIR – Taxing jobs and taxing capital is not going to result in economic growth. Is it too much to expect a former Bank of England economist to grasp this? Patrick Loxdale Aberystwyth, Ceredigion SIR – There is a limit to which any economy can be taxed. The UK is at that limit. The British public understands this. It is plain that public sector expenditure must be cut to balance the books. Given the Government throws billions around like confetti – on the Chagos Islands, the immigration fiasco, welfare, public sector pay rises, excessive numbers of civil servants – there is much low-hanging fruit. The economy is being badly managed as never before. Enough is enough. Please can we have some economic sanity. Stuart Moore Bramham, West Yorkshire SIR – Having continually criticised the Conservatives for the last 12 months for creating a £22bn black hole in the public finances, I trust Labour will now be constantly criticising itself for doubling the deficit. Paul Webster Dyserth, Denbighshire
Powys County Times
6 days ago
- Business
- Powys County Times
Truss ‘carries quite a lot of blame' for Tory record, Badenoch claims
Liz Truss 'carries quite a lot of' responsibility for the Conservatives' record, Kemi Badenoch has said amid a row over the party's direction. The current Tory leader said she was 'very focused on what the Conservatives are going to do now', after former prime minister Ms Truss accused her of 'repeating spurious narratives'. Speaking on a farm near Saffron Walden in her constituency, Mrs Badenoch also described herself as an 'Essex girl', and added that people from the county 'are grafters; they work hard'. The Leader of the Opposition faced questions about Ms Truss's claim that under the Conservatives, 'the economy was wrecked with profligate Covid spending by (Rishi) Sunak' and that 'the huge increase in immigration has been a disaster'. Mrs Badenoch told ITV Anglia: 'I know that, as a former prime minister and a former foreign secretary, (Ms Truss) carries quite a lot of that blame. 'The party's now under new leadership. 'I wasn't in charge during those 14 years; she was. 'That's a criticism she's probably levelling at herself.' The Tory leader also said she was 'telling the truth' about her party's record. 'I'm telling the truth that immigration was too high – that's why we have much tougher policies to fix immigration,' she continued. 'I am telling the truth that taxes were too high, that we were putting a lot of regulation on businesses, and what we're seeing is Labour making every single thing worse. 'They're doing that because they haven't learned many of the lessons that we learned. They haven't learned from our mistakes. They're making worse mistakes.' The Labour Government's mistakes include making 'no cut in spending at all – the books were not balanced', Mrs Badenoch claimed. 'We're spending more on welfare than we are on defence – that cannot continue,' she said. Mrs Badenoch had previously told The Telegraph that 'for all their mocking of Liz Truss, Keir Starmer and Rachel Reeves have not learnt the lessons of the mini-budget and are making even bigger mistakes'. Ms Truss, who spent 49 days in Number 10, hit back when she said that 'instead of serious thinking', Mrs Badenoch was 'repeating spurious narratives'. She continued: 'I suspect she is doing this to divert from the real failures of 14 years of Conservative government in which her supporters are particularly implicated. 'It was a fatal mistake not to repeal Labour legislation like the Human Rights Act because the modernisers wanted to be the 'heirs to Blair'. 'Huge damage was done to our liberties through draconian lockdowns and enforcement championed by Michael Gove and Dominic Cummings. 'The economy was wrecked with profligate Covid spending by Sunak. The huge increase in immigration has been a disaster.' Mrs Badenoch also took questions about her identity, after she told the Rosebud podcast: 'I have not renewed my Nigerian passport, I think, not since the early 2000s. 'I don't identify with it any more, most of my life has been in the UK and I've just never felt the need to.' The North West Essex MP told ITV Anglia: 'I am definitely an Essex girl, that is a fact.' A London Assembly member before she took her Commons seat in 2017, Mrs Badenoch said: 'I represent an Essex constituency, these are my people. 'I was a Londoner, but Essex people asked me to be their MP, and I want to make sure that I do them proud. And I love this part of the world. 'It's fantastic being here. It's a rural community, and I've been talking to the farmers here. I talked about how my grandfather was a farmer, it's very hard work. 'The people of Essex and East Anglia – they are grafters. 'They work hard, and I want to make sure that we do right by them.' Mrs Badenoch spent Tuesday morning at a farm in Little Walden, where she tried her hand at harvesting wheat using a Claas Lexion combine harvester. She told farmers: 'A lot of farming just feels like constant interference. 'Everything is interfered from the minute you wake up.' Examples of interference included 'chemicals and insecticide, people you're hiring, how much you've got to pay them', plus changes to 'employers' NI (national insurance), then somebody wants to put pylons on, there's compulsory purchase, it's impacting the cost of the land, if you want to add a new farm building, there's planning applications', she said. 'It's just endless constant Government saying, 'You can't do this, you can't do that, you can't move forwards'. 'And the burden in my view has now crossed the threshold.'
North Wales Chronicle
6 days ago
- Business
- North Wales Chronicle
Truss ‘carries quite a lot of blame' for Tory record, Badenoch claims
The current Tory leader said she was 'very focused on what the Conservatives are going to do now', after former prime minister Ms Truss accused her of 'repeating spurious narratives'. Speaking on a farm near Saffron Walden in her constituency, Mrs Badenoch also described herself as an 'Essex girl', and added that people from the county 'are grafters; they work hard'. The Leader of the Opposition faced questions about Ms Truss's claim that under the Conservatives, 'the economy was wrecked with profligate Covid spending by (Rishi) Sunak' and that 'the huge increase in immigration has been a disaster'. Mrs Badenoch told ITV Anglia: 'I know that, as a former prime minister and a former foreign secretary, (Ms Truss) carries quite a lot of that blame. 'The party's now under new leadership. 'I wasn't in charge during those 14 years; she was. 'That's a criticism she's probably levelling at herself.' The Tory leader also said she was 'telling the truth' about her party's record. 'I'm telling the truth that immigration was too high – that's why we have much tougher policies to fix immigration,' she continued. 'I am telling the truth that taxes were too high, that we were putting a lot of regulation on businesses, and what we're seeing is Labour making every single thing worse. 'They're doing that because they haven't learned many of the lessons that we learned. They haven't learned from our mistakes. They're making worse mistakes.' The Labour Government's mistakes include making 'no cut in spending at all – the books were not balanced', Mrs Badenoch claimed. 'We're spending more on welfare than we are on defence – that cannot continue,' she said. Mrs Badenoch had previously told The Telegraph that 'for all their mocking of Liz Truss, Keir Starmer and Rachel Reeves have not learnt the lessons of the mini-budget and are making even bigger mistakes'. Ms Truss, who spent 49 days in Number 10, hit back when she said that 'instead of serious thinking', Mrs Badenoch was 'repeating spurious narratives'. She continued: 'I suspect she is doing this to divert from the real failures of 14 years of Conservative government in which her supporters are particularly implicated. 'It was a fatal mistake not to repeal Labour legislation like the Human Rights Act because the modernisers wanted to be the 'heirs to Blair'. 'Huge damage was done to our liberties through draconian lockdowns and enforcement championed by Michael Gove and Dominic Cummings. 'The economy was wrecked with profligate Covid spending by Sunak. The huge increase in immigration has been a disaster.' Mrs Badenoch also took questions about her identity, after she told the Rosebud podcast: 'I have not renewed my Nigerian passport, I think, not since the early 2000s. 'I don't identify with it any more, most of my life has been in the UK and I've just never felt the need to.' The North West Essex MP told ITV Anglia: 'I am definitely an Essex girl, that is a fact.' A London Assembly member before she took her Commons seat in 2017, Mrs Badenoch said: 'I represent an Essex constituency, these are my people. 'I was a Londoner, but Essex people asked me to be their MP, and I want to make sure that I do them proud. And I love this part of the world. 'It's fantastic being here. It's a rural community, and I've been talking to the farmers here. I talked about how my grandfather was a farmer, it's very hard work. 'The people of Essex and East Anglia – they are grafters. 'They work hard, and I want to make sure that we do right by them.' Mrs Badenoch spent Tuesday morning at a farm in Little Walden, where she tried her hand at harvesting wheat using a Claas Lexion combine harvester. She told farmers: 'A lot of farming just feels like constant interference. 'Everything is interfered from the minute you wake up.' Examples of interference included 'chemicals and insecticide, people you're hiring, how much you've got to pay them', plus changes to 'employers' NI (national insurance), then somebody wants to put pylons on, there's compulsory purchase, it's impacting the cost of the land, if you want to add a new farm building, there's planning applications', she said. 'It's just endless constant Government saying, 'You can't do this, you can't do that, you can't move forwards'. 'And the burden in my view has now crossed the threshold.'
South Wales Guardian
6 days ago
- Business
- South Wales Guardian
Truss ‘carries quite a lot of blame' for Tory record, Badenoch claims
The current Tory leader said she was 'very focused on what the Conservatives are going to do now', after former prime minister Ms Truss accused her of 'repeating spurious narratives'. Speaking on a farm near Saffron Walden in her constituency, Mrs Badenoch also described herself as an 'Essex girl', and added that people from the county 'are grafters; they work hard'. The Leader of the Opposition faced questions about Ms Truss's claim that under the Conservatives, 'the economy was wrecked with profligate Covid spending by (Rishi) Sunak' and that 'the huge increase in immigration has been a disaster'. Mrs Badenoch told ITV Anglia: 'I know that, as a former prime minister and a former foreign secretary, (Ms Truss) carries quite a lot of that blame. 'The party's now under new leadership. 'I wasn't in charge during those 14 years; she was. 'That's a criticism she's probably levelling at herself.' The Tory leader also said she was 'telling the truth' about her party's record. 'I'm telling the truth that immigration was too high – that's why we have much tougher policies to fix immigration,' she continued. 'I am telling the truth that taxes were too high, that we were putting a lot of regulation on businesses, and what we're seeing is Labour making every single thing worse. 'They're doing that because they haven't learned many of the lessons that we learned. They haven't learned from our mistakes. They're making worse mistakes.' The Labour Government's mistakes include making 'no cut in spending at all – the books were not balanced', Mrs Badenoch claimed. 'We're spending more on welfare than we are on defence – that cannot continue,' she said. Mrs Badenoch had previously told The Telegraph that 'for all their mocking of Liz Truss, Keir Starmer and Rachel Reeves have not learnt the lessons of the mini-budget and are making even bigger mistakes'. Ms Truss, who spent 49 days in Number 10, hit back when she said that 'instead of serious thinking', Mrs Badenoch was 'repeating spurious narratives'. She continued: 'I suspect she is doing this to divert from the real failures of 14 years of Conservative government in which her supporters are particularly implicated. 'It was a fatal mistake not to repeal Labour legislation like the Human Rights Act because the modernisers wanted to be the 'heirs to Blair'. 'Huge damage was done to our liberties through draconian lockdowns and enforcement championed by Michael Gove and Dominic Cummings. 'The economy was wrecked with profligate Covid spending by Sunak. The huge increase in immigration has been a disaster.' Mrs Badenoch also took questions about her identity, after she told the Rosebud podcast: 'I have not renewed my Nigerian passport, I think, not since the early 2000s. 'I don't identify with it any more, most of my life has been in the UK and I've just never felt the need to.' The North West Essex MP told ITV Anglia: 'I am definitely an Essex girl, that is a fact.' A London Assembly member before she took her Commons seat in 2017, Mrs Badenoch said: 'I represent an Essex constituency, these are my people. 'I was a Londoner, but Essex people asked me to be their MP, and I want to make sure that I do them proud. And I love this part of the world. 'It's fantastic being here. It's a rural community, and I've been talking to the farmers here. I talked about how my grandfather was a farmer, it's very hard work. 'The people of Essex and East Anglia – they are grafters. 'They work hard, and I want to make sure that we do right by them.' Mrs Badenoch spent Tuesday morning at a farm in Little Walden, where she tried her hand at harvesting wheat using a Claas Lexion combine harvester. She told farmers: 'A lot of farming just feels like constant interference. 'Everything is interfered from the minute you wake up.' Examples of interference included 'chemicals and insecticide, people you're hiring, how much you've got to pay them', plus changes to 'employers' NI (national insurance), then somebody wants to put pylons on, there's compulsory purchase, it's impacting the cost of the land, if you want to add a new farm building, there's planning applications', she said. 'It's just endless constant Government saying, 'You can't do this, you can't do that, you can't move forwards'. 'And the burden in my view has now crossed the threshold.'
Glasgow Times
6 days ago
- Business
- Glasgow Times
Truss ‘carries quite a lot of blame' for Tory record, Badenoch claims
The current Tory leader said she was 'very focused on what the Conservatives are going to do now', after former prime minister Ms Truss accused her of 'repeating spurious narratives'. Speaking on a farm near Saffron Walden in her constituency, Mrs Badenoch also described herself as an 'Essex girl', and added that people from the county 'are grafters; they work hard'. Conservative Party leader Kemi Badenoch wipes away grain dust after trying her hand at harvesting wheat (Stefan Rousseau/PA) The Leader of the Opposition faced questions about Ms Truss's claim that under the Conservatives, 'the economy was wrecked with profligate Covid spending by (Rishi) Sunak' and that 'the huge increase in immigration has been a disaster'. Mrs Badenoch told ITV Anglia: 'I know that, as a former prime minister and a former foreign secretary, (Ms Truss) carries quite a lot of that blame. 'The party's now under new leadership. 'I wasn't in charge during those 14 years; she was. 'That's a criticism she's probably levelling at herself.' The Tory leader also said she was 'telling the truth' about her party's record. Kemi Badenoch speaks to farmer Sam Goddard during her visit to Hall Farm in Little Walden, Essex (Stefan Rousseau/PA) 'I'm telling the truth that immigration was too high – that's why we have much tougher policies to fix immigration,' she continued. 'I am telling the truth that taxes were too high, that we were putting a lot of regulation on businesses, and what we're seeing is Labour making every single thing worse. 'They're doing that because they haven't learned many of the lessons that we learned. They haven't learned from our mistakes. They're making worse mistakes.' The Labour Government's mistakes include making 'no cut in spending at all – the books were not balanced', Mrs Badenoch claimed. 'We're spending more on welfare than we are on defence – that cannot continue,' she said. Mrs Badenoch had previously told The Telegraph that 'for all their mocking of Liz Truss, Keir Starmer and Rachel Reeves have not learnt the lessons of the mini-budget and are making even bigger mistakes'. Conservative Party leader Kemi Badenoch drives a combine harvester during her visit (Stefan Rousseau/PA) Ms Truss, who spent 49 days in Number 10, hit back when she said that 'instead of serious thinking', Mrs Badenoch was 'repeating spurious narratives'. She continued: 'I suspect she is doing this to divert from the real failures of 14 years of Conservative government in which her supporters are particularly implicated. 'It was a fatal mistake not to repeal Labour legislation like the Human Rights Act because the modernisers wanted to be the 'heirs to Blair'. 'Huge damage was done to our liberties through draconian lockdowns and enforcement championed by Michael Gove and Dominic Cummings. 'The economy was wrecked with profligate Covid spending by Sunak. The huge increase in immigration has been a disaster.' Mrs Badenoch also took questions about her identity, after she told the Rosebud podcast: 'I have not renewed my Nigerian passport, I think, not since the early 2000s. Kemi Badenoch speaks to farmers during her visit to Hall Farm in Little Walden (Stefan Rousseau/PA) 'I don't identify with it any more, most of my life has been in the UK and I've just never felt the need to.' The North West Essex MP told ITV Anglia: 'I am definitely an Essex girl, that is a fact.' A London Assembly member before she took her Commons seat in 2017, Mrs Badenoch said: 'I represent an Essex constituency, these are my people. 'I was a Londoner, but Essex people asked me to be their MP, and I want to make sure that I do them proud. And I love this part of the world. 'It's fantastic being here. It's a rural community, and I've been talking to the farmers here. I talked about how my grandfather was a farmer, it's very hard work. 'The people of Essex and East Anglia – they are grafters. Conservative Party leader Kemi Badenoch sits in the cab of a combine harvester (Stefan Rousseau/PA) 'They work hard, and I want to make sure that we do right by them.' Mrs Badenoch spent Tuesday morning at a farm in Little Walden, where she tried her hand at harvesting wheat using a Claas Lexion combine harvester. She told farmers: 'A lot of farming just feels like constant interference. 'Everything is interfered from the minute you wake up.' Examples of interference included 'chemicals and insecticide, people you're hiring, how much you've got to pay them', plus changes to 'employers' NI (national insurance), then somebody wants to put pylons on, there's compulsory purchase, it's impacting the cost of the land, if you want to add a new farm building, there's planning applications', she said. 'It's just endless constant Government saying, 'You can't do this, you can't do that, you can't move forwards'. 'And the burden in my view has now crossed the threshold.'
