The influential figure in the Tory party said using borrowing to pay for tax cuts is ‘not Conservative’.
Conservative former Cabinet minister Michael Gove said he is “profoundly” concerned about Liz Truss’s vast tax cuts as he suggested he could vote against the plans.
Mr Gove welcomed the Prime Minister acknowledging she had made mistakes around the mini-budget but said she displayed an “inadequate realisation” of the scale of the problem.He told the Sunday With Laura Kuenssberg show he is “profoundly” concerned that Chancellor Kwasi Kwarteng is paying for £45 billion of tax cuts through increased borrowing.
But he said there remains “an inadequate realisation at the top of Government about the scale of change required”. The second, Mr Gove argued, was the move to cut the top rate of income tax and axe the cap on bankers’ bonuses “at a time when people are suffering”.
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