- October 28, 2022
- Posted by: Stratford Team
- Category: Economy
Severe spending cuts and tax rises are due to be imposed by Rishi Sunak and Jeremy Hunt within weeks because ministers “crashed the economy”, Keir Starmer has said as he renewed calls for a general election.
The Labour leader said people were already “paying the price” for government mistakes, after reports that a buffer in the public finances could be created by trying to claw back £50bn – significantly greater than the expected £35bn fiscal black hole.
A long-awaited statement laying out the plans was pushed back by Sunak from 31 October to 17 November, and the chancellor is holding meetings with cabinet ministers this week to discuss where the axe should fall.
Seeking to tie Sunak to the economic chaos caused by his predecessor, Liz Truss, Starmer said during a visit to a school in Thurrock: “We were not even talking about cuts a month ago.” He added: “The whole discussion about cuts has become an issue only because the government has…
