wealthiest, that is a display of the wrong values- wealthiest, that is a display of the wrong values. it sounds right now if thins wrong values. it sounds right now if things carry wrong values. it sounds right now if things carry on wrong values. it sounds right now if things carry on as wrong values. it sounds right now if things carry on as they wrong values. it sounds right now if things carry on as they are - wrong values. it sounds right now if things carry on as they are you i things carry on as they are you won t be able to vote for these measures as a conservative mp? i5 won t be able to vote for these measures as a conservative mp? is a measures as a conservative mp? is a aood thin measures as a conservative mp? i3 . good thing and there are many good things that liz truss said and i welcome the broader point is about growth but the critical thing is liz has acknowledged that with hindsight, with welcome hindsight, that mistakes were made in the preparation. that mi
pump because imports are more expensive. the same will go for imports of food ingredients, for example. they had been high hopes we would see food inflation fall, but this could mean that food inflation will stay higher because those imports are more expensive. and as a result of those imports being more expensive, it means inflation will take longer to come down, so interest rates will have to go higher still, interest rates will have to go higherstill, making interest rates will have to go higher still, making that cost of living squeeze for consumers more acute. and so, even though the government says it will return more money to consumers by these tax cuts, what you will see instead is that actually, interest rates will have to go up, so they won t really feel they have got any more money at all. in feel they have got any more money at all. , ., .,, ., , , all. in terms of options if things aet too all. in terms of options if things get too difficult, all. in terms of options if
and he d scrapped the rise in national insurance, agreed while he was in government. if we don t have the tax cuts, we won t get the growth. and if we don t get the growth, we won t be able to sustain the public services that s a much greater risk. in all my time in government, i ve never come across a decision, especially the big decisions, that don t involve risk, one way or the other. mr hunt warned against personal tax cuts too soon, and said reducing business rates was the way to encourage growth. the number one priority me with my business experience is to get the economy growing, and that s why not necessarily the most retail tax cuts but the things that will boost business, make us an attractive business environment, use our brexit freedoms to turn ourselves into the world s next silicon valley. another new entrance to the race promising, yes, tax cuts straight away. i think it s very important, as we have this cost of living squeeze, that people get money back in their p
the way to encourage growth. the number one priority with me, with my business experience, is to get the economy growing, and that s why not necessarily the most retail tax cuts but the things that will boost business, make us an attractive business environment, use our brexit freedoms to turn ourselves into the world s next silicon valley. another new entrance to the race promising, yes, tax cuts straight away. i think it s very important, as we have this cost of living squeeze, that people get money back in their pockets and quickly. these promises are what conservative mps want to hear, but cutting taxes usually means spending less or borrowing more and there are warnings about the consequences. if you re going to cut taxes and increase borrowing, probably the time you don t really want to do it is when prices are already rising at 10% or more, because that means putting more money into the economy and, therefore, more pressure onto inflation. reporter: is there more pain to come,
as we have this cost of living squeeze, that people get money back in their pockets and quickly. these promises are what conservative mps want to hear but cutting taxes usually means spending less or borrowing more, and there are warnings about the consequences. if you re going to cut taxes and increase borrowing, probably the time you don t really want to do it is when prices are already rising at 10% or more, because that means putting more money into the economy and, therefore, more pressure onto inflation. reporter: is there more pain to come, chancellor? - the one exception so far is rishi sunak who, as chancellor, put up certain taxes and now suggests any cuts would have to wait. today, his successor, nadhim zahawi, hit back at reports authorities were looking into his personal tax affairs, saying he s been smeared and vowing to answer any questions. 0ur leadership has to change. the trade minister penny mordaunt s campaign hit an early hitch her promotional video re edited