The British Prime Minister, Liz Truss, has defended this Wednesday that the upheavals that her “disruptive” economic plan will cause, which include a tax cut especially for companies and the financial sector, financed with debt, to boost economic expansion, will be worth penalty, in his speech at the annual congress of the Conservative Party. “Whenever there is change, there is disruption; not everyone will be in favor, but everyone will benefit from the results” of the changes she proposes, the Tory leader has promised.
The president, who took office on September 6 to replace Boris Johnson, is trying to repair her authority after being weakened when she had to reverse her tax cuts for the rich due to a riot among her deputies and pressure from the markets. “We will pull the UK out of the storm,” she said.
The president defended tooth and nail the reduction from 24% to 20% of the tax rate for high incomes from the day it was presented, September 23, until the day it was withdrawn, last Monday, when her minister of Finance, Kwasi Kwarteng, announced the 180º turn. But the government, created just a few weeks ago, will continue forward with the other measures, although they also arouse rejection among her conservative colleagues.
“In these difficult times, we have to step up. I am determined to move the UK forward, to get us out of the storm and put us on a stronger footing,” she said. “My priorities are to grow, grow and grow,” she emphasized.
The conservative leader has promised, however, to reduce the accumulated net debt in relation to the gross domestic product (GDP) “in the medium term”, in “close collaboration” with Minister Kwarteng, who has been highly criticized for his fiscal plan.
Truss has assured that he will build an economy that “takes advantage of the opportunities of Brexit” and has affirmed that before the end of the year “all the bureaucracy inherited from the European Union” will have disappeared.
In her speech to the grassroots, the leader has defended “a new approach” that forges “a new United Kingdom for a new era”, although her initiatives, which are expected to include unannounced cuts in public services, generate opposition. .
“For too long, our economy hasn’t grown the way it should have. For too long, the political debate has focused on how we distribute a limited economic pie, when what we need is to grow the pie so we all get a bigger slice.” “, he stated. “That is why I am determined to take a new approach and get us out of this cycle of high taxes and low growth,” she said.
Truss, who is facing disagreements within her own party, has admitted that “the scale of the challenge is immense”, due to the war in Ukraine, the recent pandemic and “a global economic crisis”. In this sense, the British leader received a standing ovation when she stated that she will continue to support kyiv and that Ukraine will “win” the war with Russia.
The head of the Executive has alluded to her personal history, as “the first prime minister who has gone to a public secondary school”, to convey to the delegates and the country that she understands their problems.
A few minutes into his speech, two Greenpeace protesters who were among the audience in the auditorium raised a banner that read: “Who voted for this?” The two activists were escorted away by security personnel as the audience chanted “out, out, out.” And after several minutes of warm applause for Truss, she responded to the interruption: “I was going to talk about the anti-growth coalition later, but apparently it has come forward,” she joked. Later, the prime minister has assured that she would not allow that coalition, which, according to the president, includes the opposition Labor Party and the unions, prevent the country’s progress.
