Tax cuts that will be beneficial for the country’s high earners are fair in the opinion of the United Kingdom’s prospective PM candidate Liz Truss. Truss insists that prioritizing tax cut benefits for rich people is 250 times better than the poorest as well as claiming that it is faulty to view every economic policy through the ‘lens of redistribution.’
Liz Truss went through one of her most thorough interviews in the Conservative Leadership program, just a day before the election results might declare her the winner.
She said that she understands the struggles that the people are going through as well as hearing the concerns of business people about the impact that the energy bills could have on their future. On further questioning, just like in the BBC interview, Truss refused to give any details. Liz Truss first wants to defeat Rishi Sunak in the fight for leadership, and soon after claims the title of Prime Minister after Boris Johnson.
Liz Truss believes that it is more important to first grow the economic rate of the country than it is to emphasize declining the economic disparities. She also believes she will not deflect from her number one goal of tax cuts prioritization.
Liz Truss says a growing economy will benefit everyone in the long run. According to her, despite the UK’s low economic growth, the previous leaders have only emphasized discussions about equal distribution. She insists that she is not making empty promises that can’t be believed and she will follow through promises that she makes.
Truss is very upfront about her claims, she is certain that it is fair if her reversal plan of the current rise in national insurance will benefit the top earners by 1,800 pounds a year but only 7 pounds a year for the poor earning class.
Liz Truss says that the top earners pay more taxes so it is no brainer that these people will be the ones to likely be benefited when the taxes are cut.
The UK election race has lasted two months and the winner is just on the brink of being announced on Monday afternoon. On D-Day, the Queen will formally invite the newly elected leaders to initiate the formation of the new government.
Liz Truss on energy bills
Liz Truss on approaching the energy crisis says she will be firm in her advances. She says just bandaging the wounds and sitting idle thinking about the problem will not solve it.
In a BBC interview, Truss has popularly made claims that she will immediately provide help over energy bills but was vague when questioned about what exactly she plans to do. She will only unveil her decisions regarding the energy bills after one week she gets into the office where she will announce how she is planning to deal with the issue to move in the right direction to tackle the problems this winter will bring in.
Sunak, the other candidate, has been more transparent about his ideas to deal with the energy crisis. He says that the UK will face a severely genuine energy crisis emergency which will inevitably lead to blackouts and ideas of rationing in case of food shortages.
Truss believes it is an opportunity to make the UK more innovative and dynamic and the only way to free the country is to get rid of the EU-inspired regulations off UK statute books. She plans to accomplish this by 2024. She also has refused to clarify further details about this other than saying she will alter the number of working days a week and the entitlement to holidays might be changed.
It is unclear what the election results will declare on Monday but the British people might certainly have had a hard time deciding upon their leaders from two strong candidates. Both the candidates have laid importance on tackling the climate crisis as well as the consequences of dealing with energy supplies. Even though the approach towards sustainability is commonplace for both, the economic policies are a tad different.
The UK has been dealing with severe heat waves and climate changes in the past few months which might have influenced the voters to vote for people who will help the best in resolving the issue at hand.
