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Liz Truss’ plan to focus on tax cuts to tackle the cost of living – rather than targeted support for low income households – could see people end up on the streets, according to one of her rival’s backers.
Tory MP Kevin Hollinrake, who is supporting Rishi Sunak in the race to become the next prime minister, claimed the foreign secretary needed to stop offering “the magic money tree” to her supporters and instead look at how to help those most in need.
He told Sky News’ Kay Burley: “Talking about tax cuts that would help a low income household to the tune of about £1 a week and still… help a household like mine to the tune of about £30 a week is simply not right.
“These people are going to be on the streets. Things are going to be that bad for some households. You’ve got to provide that target package of support.”
Mr Hollinrake’s comments come as Ms Truss is accused of trying to “avoid independent scrutiny” as she prepares to hold a budget next month without an official economic forecast from the Office for Budget Responsibility (OBR), despite one being ready should she ask.
Having an emergency budget in September – in which Ms Truss plans to make long-term funding pledges if she becomes prime minister – has been a key part of the frontrunner’s campaign to get into Number 10.
But going ahead without an OBR forecast has been branded “worrying” by an economist and expert in government finance, while the team behind Mr Sunak accused her of wanting “to avoid independent scrutiny”.
The foreign secretary has come under criticism for a perceived lack of clarity over her money promises, with veteran former cabinet minister Michael Gove accusing her of taking a “holiday from reality”.
She wants to spend £30m on cutting taxes – like reversing the National Insurance rise and cancelling the uplift in corporation tax – using money that economists no longer think exists due to inflation.
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Source : skynews
