From The Independent · · 1m 20s
Burnham risks Truss budget chaos, Tory warns
Shadow Chancellor Andrew Griffith says Andy Burnham's spending plans lack detail on funding, repeating Liz Truss's fatal mistake.
In brief
Shadow Chancellor Andrew Griffith says Andy Burnham's spending plans lack detail on funding, repeating Liz Truss's fatal mistake. Conservative Shadow Chancellor Andrew Griffith warns that Andy Burnham's policy commitments risk repeating Liz Truss's 2022 mini-budget failure by not explaining how they will be funded…
Griffith warns Burnham on funding
Shadow Chancellor Andrew Griffith, a former Treasury minister under Liz Truss, says Andy Burnham risks repeating the mini-budget's fatal mistake by not explaining how policy commitments will be funded.
The Truss mini-budget mistake
Griffith identifies the fatal error: Liz Truss's 2022 mini-budget failed to set out clearly how tax cuts would be paid for, causing market fears and government borrowing costs to surge.
“not setting out clearly the choices to actually balance the books”
Griffith's pledge as shadow chancellor
As a former finance director for over a decade, Griffith says he will always show where money comes from and how the Conservatives' workings balance, unlike the Truss administration.
“It is second nature to always show where the money is coming from to show our workings.”
Burnham's spending measures unveiled
Following his election, Andy Burnham has announced several measures to relieve financial pressures on households and businesses, including lowering VAT on energy bills and cutting business rates for local venues.
Funding details due in October
How Burnham intends to fund these initiatives is expected to be detailed by Chancellor John Healey in his Budget on October twenty-eighth.
What matters most
Conservative Shadow Chancellor Andrew Griffith warns that Andy Burnham's policy commitments risk repeating Liz Truss's 2022 mini-budget failure by not explaining how they will be funded.
