Rishi Sunak warned Liz Truss’s economic strategy will damage the nation, saying that pouring “fuel on the fire” will cause “misery for millions”, after she insisted her tax cuts could avert the recession forecast by the Bank of England. Ms Truss, the Foreign Secretary, used a televised debate on Thursday to warn of “very, very difficult times” without “bold” action rather than her Tory leadership rival’s caution. But Mr Sunak, a former chancellor, struck back with fears her vision “will make the situation worse”, on the day the Bank warned inflation could peak at 13.3% in October.
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