Today news
About the same in other media
Rishi Sunak faces Tory backlash over ‘big state, high tax’ budget
Reading now: 509
Rishi Sunak is facing a budget backlash from traditional Tories, with five former cabinet ministers warning the scale of spending and taxes would stifle growth.
The chancellor received a lukewarm reception from a string of Conservative grandees after his budget on Wednesday. They put him on notice that they would not put up with a “big state, high tax” situation for long.
Sunak has always pitched himself as a fiscally hawkish Tory whose role model is the Thatcherite chancellor Nigel Lawson. He used the second half of his speech to promise backbenchers: “My goal is to reduce taxes.”
But despite this promise, senior backbenchers have used two days of budget debates in the House of Commons to lay into him over the scale of public spending and
Read more on theguardian.comAbout this in other media
Rishi Sunak may have called off austerity, but the Tories will never reverse it theguardian.com /2 years ago
The Guardian view on Rishi Sunak’s budget: more politics than economics theguardian.com /2 years ago
Rishi Sunak’s budget is gambling with the climate crisis theguardian.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
