Sunak says Truss’s tax-cutting plans will create ‘sugar rush boom'

See restrictions. Rishi Sunak said rival Liz Truss’s plans for vast tax cuts would “put fuel on the fire” of the inflation problem and create a “sugar rush boom”. Veteran political journalist Andrew Neil challenged the Tory leadership hopeful over his plans to tighten fiscal policy in a time when “the global economy grinds to a halt, as monetary policy has been tightening”. Mr Sunak went on to deny U-turning on his stance on cutting VAT on energy bills and dismissed suggestions he has shown a “lack of consistency” and “bad judgment”. The former chancellor claimed Tory manifesto promises were broken because of the pandemic. The former chancellor told Andrew Neil that raising taxes and an increase in debt had come amid a “once-in-a-century event”.

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