UK's Liz Truss pledges tax-cutting future in landmark speech plagued by protest and political infighting - CNBC

UK's Liz Truss pledges tax-cutting future in landmark speech plagued by protest and political infighting - CNBC

UK's Liz Truss pledges tax-cutting future in landmark speech plagued by protest and political infighting - CNBC
Oct 05, 2022 1 min, 12 secs

LONDON — British Prime Minister Liz Truss insisted Wednesday that cutting taxes was "the right thing to do morally and economically," doubling down on a series of debt-funded economic reforms that have sparked in-party fighting and market turmoil.

Speaking at the Conservative Party Conference, Truss said she was determined to "level up our country in a Conservative way" in an effort to unite MPs around her tax-cutting plans and shore up her dwindling authority.

"Cutting taxes is the right thing to do morally and economically," Truss said, adding that the Conservative Party "will always be the party of low taxes.".

"Cutting taxes helps up face the global economic crisis, putting up a sign that Britain is open for business," she said in her first conference speech as Conservative Party leader.

The leader of the House of Commons, Penny Mordaunt, who ran against Truss during this summer's Tory leadership contest, said Tuesday that she supported benefits "keeping pace with inflation," joining a chorus of MPs who have warned that cuts could spur a party rebellion.

Britain's opposition Labour Party was seen as having a 33-point lead over the Conservative Party on Thursday, days before the Conservative Party Conference, according to a YouGov poll.

The prime minister herself has argued the cuts will spur growth at the top end of the economy, with knock-on effects across society.

1 Texas’ anti-trans bills invoke treatment of Jews in Nazi Germany

Dec 04, 2022 # breaking 1 min, 58 secs

2 Broncos' Mike Purcell calls out Russell Wilson during loss to Panthers, results in sideline blowup - CBS Sports

Nov 28, 2022 # politics 58 secs

3 Rare anti-government protest turns deadly in Syria’s Sweida city - Al Jazeera English

Dec 04, 2022 # politics 37 secs

4 Mark Burnett Exits Amazon’s MGM, Returns To Producing Roots, Will Continue To Oversee “Legacy” Series - Deadline

Nov 28, 2022 # entertainment 2 mins, 32 secs

5 Huge satellite outshines stars, troubling astronomers - Fox News

Nov 30, 2022 # science 1 min, 24 secs

6 Party Trick: Newer iPhones Allow You to Measure Someone's Height Instantly - MacRumors

Dec 03, 2022 # technology 31 secs

7 ‘Fortnite’ Down: Here’s When It Comes Back Online, And What Happened In The ‘Fractured’ Live-Event - Forbes

Dec 03, 2022 # politics 35 secs

8 Buy an Apple iPhone 14, Get a $300 Walmart Gift Card With This Cyber Monday Deal - IGN

Nov 28, 2022 # technology 32 secs

9 Macron hits New Orleans' French Quarter, meets with Musk

Dec 02, 2022 # breaking 1 min, 3 secs

10 Olivia Wilde Goes on Vacation and Returns to Instagram After Harry Styles Split - Yahoo Entertainment

Dec 04, 2022 # entertainment 12 secs

11 Fact check: Rocket propulsion functions in space because of universal physical laws, no air required - msnNOW

Nov 30, 2022 # science 50 secs

12 How loud is the world’s most powerful rocket? - Deseret News

Dec 02, 2022 # technology 2 mins, 28 secs

13 SpaceX Is Struggling to Launch Japan's Hakuto-R Moon Mission - Gizmodo

Dec 01, 2022 # science 36 secs

14 Primavera Sound 2023 Lineup Has Blur, Kendrick Lamar, Rosalía, & More - Stereogum

Nov 29, 2022 # entertainment 56 secs

15 iMessage on Android is Here From Sunbird - Droid Life

Dec 02, 2022 # technology 59 secs

16 You Won't Regret Dropping Money on Today’s Best Amazon Deals - The Inventory

Dec 02, 2022 # technology 57 secs

Get monthly updates and free resources.


© Copyright 2022 365NEWSX - All RIGHTS RESERVED