Showing posts with label public spending. Show all posts
Showing posts with label public spending. Show all posts

Tuesday, October 18, 2022

Liz Truss Faces Unrest over Public Spending Cuts and Pensions Triple Lock Threat

THE GUARDIAN: Senior Tory ministers, Labour party and the public all expected to resist cuts, especially to frontline services

A YouGov poll shows half of Conservative members think Liz Truss should resign. Photograph: Christopher Thomond/The Guardian

Liz Truss is facing cabinet unrest over her plans for brutal public spending cuts across all departments after the disastrous mini-budget put major pledges at risk, including the pensions triple lock.

The prime minister held a 90-minute cabinet meeting on Tuesday in which she warned ministers that “difficult decisions” lay ahead.

The chancellor, Jeremy Hunt, told them “everything is on the table” as he strives to find tens of billions of pounds in savings after ditching Truss’s economic plan. Health, education and welfare are among those areas expected to be hit.

One Whitehall official said departments were already preparing for cuts “significantly higher” than previously planned, with Hunt’s tax U-turns estimated to raise £32bn, leaving a £38bn hole in the public finances. » | Pippa Crerar and Jessica Elgot | Tuesday, October 18, 2022

This woman has been a bloody effing disaster! The Tories, too, are a bloody effing disaster! A bigger mess of Brexshit is hard to imagine! As for the economy being in safe hands under the Tories... well, that has been proven to be a big lie. A myth. The stuff of fairy stories. Hopefully, the Tories will soon be extinct. We can't allow our country to be run by a band of such incompetent fools ever again. – © Mark Alexander

Liz Truss promises to keep pensions triple lock: Truss’s PMQs comment at odds with Downing Street and Treasury’s previous refusal to commit to pledge »