From POLITICO · · 1m
Badenoch warns Burnham not to repeat Truss mistakes
Conservative leader Kemi Badenoch tells Labour PM Andy Burnham to cut spending ahead of next week's budget, citing the chaos of Liz Truss's 2022 mini-budget.
In brief
Conservative leader Kemi Badenoch tells Labour PM Andy Burnham to cut spending ahead of next week's budget, citing the chaos of Liz Truss's 2022 mini-budget. Kemi Badenoch warned Labour PM Andy Burnham on Tuesday to avoid Liz Truss's economic mistakes by cutting spending in next week's budget. Originally reported by…
Badenoch warns Burnham on budget
Conservative leader Kemi Badenoch told Labour PM Andy Burnham on Tuesday not to repeat Liz Truss's economic mistakes in his budget next Wednesday.
The Truss mini-budget lesson
Badenoch cited Truss's 2022 mini-budget, which gave away one hundred fifty billion pounds in energy bill subsidies without cutting spending, triggering a sharp sell-off in government bonds and pound depreciation.
“if you don't balance your budget, if you give away £150 billion in subsidizing people's energy bills, but you don't cut spending, then the markets will react”
Truss publishing mini-budget book
Liz Truss, Britain's shortest-serving prime minister who spent forty-nine days in Downing Street, announced Tuesday she is publishing a book called Bank Job about what happened during the mini-budget.
The headline
Kemi Badenoch warned Labour PM Andy Burnham on Tuesday to avoid Liz Truss's economic mistakes by cutting spending in next week's budget.
