The academic said Truss's economic plans appeared to mimic those of Margaret Thatcher during the 1980s
British Prime Minister Liz Truss holding her first cabinet meeting after taking office earlier this month
Chancellor Kwasi Kwarteng’s highly-anticipated mini-budget will take place on Friday, which will deliver tax cuts promised by Truss during her leadership campaign., including reversing a rise in National Insurance brought in by her predecessor Boris Johnson and abandoning a planned hike in corporation tax due to come into force next year.
“The more energy you use, the more you will save and the households that will use more energy will tend to be those that have the majority of the wealth.” “This idea is all the more controversial, considering the UK is in the middle of a cost of living crisis.” “Obviously, whilst it was very divisive, in terms of the sheer numbers, enough people during the 80s were getting enough out of it.”
However, the plan sparked a backlash when leaked last week, with criticism it will be introduced at a time when many households are struggling with the rising cost of living.
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