Latest news with #miniBudget
BreakingNews.ie
a day ago
- Business
- BreakingNews.ie
Kemi Badenoch refuses to kick Liz Truss out of Conservative Party
Kemi Badenoch has refused to kick former UK prime minister Liz Truss out of the Conservative Party. The Tory leader suggested such a move would be 'neither here nor there' for voters' perception of the party. Advertisement In a speech on Thursday, shadow chancellor Sir Mel Stride sought to distance the Conservatives from Ms Truss' mini-budget, saying the party needed to show 'contrition' to restore its economic credibility. In a furious response, Ms Truss accused Mr Stride of having 'kowtowed to the failed Treasury orthodoxy' and being 'set on undermining my plan for growth'. Asked by the BBC on Friday whether she would consider throwing former prime minister Ms Truss out of the Conservatives in a symbolic break with her short-lived, turbulent time in No 10, Mrs Badenoch replied: 'Is she still in the party?' Ms Truss, the former Conservative MP for South West Norfolk, is understood to be a Tory party member still. Advertisement Speaking to the BBC, Mrs Badenoch said: 'What is really important is what Mel was saying yesterday. What he was saying was that the mini-budget did not balance. It wasn't tax cuts, it was the … £150 billion of spending increases on energy bills that did not make sense.' Pressed whether she believed the mini-budget had damaged the Conservative brand, Mrs Badenoch said: 'Well, look at what happened, people didn't understand why we had done that, and so our reputation for economic competence was damaged.' Tory leader Kemi Badenoch said the party needed to 'focus on how we're going to get this country back on track' (Stefan Rousseau/PA) When asked again why she would not consider kicking Ms Truss out of the party, the Tory leader said: 'It is not about any particular individual. I don't want to be commenting on previous prime ministers. 'They've had their time. What am I going to do now? Removing people from a political party is neither here nor there in terms of what it is your viewers want to see.' Advertisement After insisting Ms Truss was not in Parliament anymore, Mrs Badenoch said her party needed to 'focus on how we're going to get this country back on track'. 'What we have right now is a Labour Government, it's Keir Starmer. We need to stop talking about several prime ministers ago and talk about the Prime Minister we've got now and what he's doing to the country,' the Tory leader said. Ms Truss this week appeared in a video to promote the Irish whiskey brand of bare-knuckle fighter Dougie Joyce, who was once jailed for attacking a 78-year-old man in a pub in 2022.
Yahoo
28-05-2025
- Business
- Yahoo
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 | @ — 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 Tories admit they crashed the economy and sent mortgages rocketing. Yet still no apology. They haven't listened and will never learn.@ — Labour Press (@labourpress) May 27, 2025 I'm old enough to remember you backing Truss 🤡 — (@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
Yahoo
12-05-2025
- Business
- Yahoo
Top Tory Launches Major Attack On Liz Truss – But There's Just 1 Problem
A senior Tory launched an astonishing attack on Liz Truss' disastrous mini-Budget, despite lavishing it with praise at the time. Chris Philp took aim at his former boss as he criticised Reform UK's spending plans. Philp was chief secretary to the Treasury during Truss' 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. He seems to have now changed his tune, however. On GB News on Sunday, he said: 'Nigel Farage is very charismatic, he's got great slogans, but he doesn't have a plan. 'He wrote an article in the Mail yesterday which raced through a whole lot of ideas which would have cost £5 or £60 billion with no idea how to pay for them. Like Liz Truss on steroids. Now that is not going to help anyone.' Presenter Camilla Tominey then asked him: 'Is there anything wrong with Liz Truss on steroids? You're now criticising Liz Truss? You served with her.' Philp replied: 'I'm just making the point that if you're going to make promises to either cut taxes or increase expenditure, you need to have a credible plan t do that.' Chris Philp(Tory MP), who was Liz Truss' Chief Secretary to the Treasury & many think was the architect behind abolishing the 45p tax rate, which he denies, now says Nigel Farage would be "Liz Truss on steroids." — Haggis_UK 🇬🇧 🇪🇺 (@Haggis_UK) May 11, 2025 Keir Starmer Skewers Nigel Farage Over Reports Liz Truss Is Now Advising Reform UK One Of Donald Trump's Inner Circle Is Now Getting The Liz Truss Lettuce Treatment Liz Truss Says Trump Is 'Right About Nearly Everything'. Here Are 7 Reasons Why She's Wrong
