With Ms Truss poised to avoid the scrutiny of the OBR, some experts believe she could focus on the cost of living crisis before balancing the books with a spending review later this year
, it means she will be using “very out of date” forecasts to underpin her plans, which means the true costs and implications will be unclear when they are announced to Parliament.described as a “holiday from reality” by Michael GoveAvoiding the OBR will also mean Ms Truss risks cementing her reputation as the Boris Johnson continuity candidate, in one of the worst possible ways.
But then again, some economists believe she may step back from delivering a full-blown Budget, and instead focus solely on cost of living measures, with the sums to be balanced later in the year when she carries out a new review of government spending. They could see her announcing tax cuts on day one, given they will take months to feed through to the system, before using 21 September to finally outline how she plans to directly support struggling households with energy bills.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Newspaper headlines: Gove backs Sunak and Fergie called as Giggs witnessMichael Gove criticises Tory frontrunner Liz Truss' policies, which come under scrutiny in Saturday's papers.
Read more »
Liz Truss saying British workers need ”more graft” is disappointing yet unsurprisingThe comments come as a huge but unsurprising disappointment and insult to the very people Truss claims she will be representing.
Read more »
Liz Truss says 'recession is not inevitable' and pledges to help build next Google in UKThe Tory leadership frontrunner suggested a 'level of ambition' was needed to 'change the orthodoxy' and avoid the outcome forecast by the Bank of England
Read more »
Liz Truss criticises ‘too much talk of recession’ despite dire warningsTory leadership frontrunner Liz Truss has said there is ‘too much talk that there’s going to be a recession’ as she insisted an economic slump is not inevitable.
Read more »