Dubman I still to understand how the Tories would have done it buy cutting taxes.
Essentially, Truss’ vision was to put more money into the pockets of the highest earners to encourage more investment and growth. The Tories have been fixated for years on turning the UK into a low tax, no red tape, high investment hub.
She was doing that at a time when the Central Bank was trying to take money out of the economy in response to soaring energy costs.
Mortgage lenders feared the BOE would mean interest rates would shoot up for borrowing and lenders pulled their normal rates.
