Truss Warns of Unpopular Policies as UK May Scrap Bonus Cap
Comment of the Day

September 20 2022

Commentary by Eoin Treacy

Truss Warns of Unpopular Policies as UK May Scrap Bonus Cap

This article from Bloomberg may be of interest to subscribers. Here is a section:

Truss has made a slew of expensive promises including a plan to freeze household bills that could reach 130 billion pounds ($148 billion), as well as a package to help businesses with their energy bills that could cost £40 billion. On top of that, she’s promised more than £30 billion in tax cuts. Asked how she can afford her plans, Truss told Channel 5: “The UK has one of the lowest levels of debt as a proportion of GDP of G7 nations so we are doing well on that metric.”

Eoin Treacy's view

Politicians made big promises about what the future would be like after Brexit. Then Liz Truss made even bigger promises to ensure she won the leadership contest. Now the pressure is on to deliver and the answer is to spend, spend, spend.

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