PanamaTimes

Monday, Feb 09, 2026

0:00
0:00

Lowering taxes best way to attract investments and to avoid recession, says Liz Truss. Sunak offers no economic plan, only a wish (to "fight" inflation, no "how" to do it, just a wish)

Tory leadership contender Liz Truss has defended her plans to lower taxes, describing them as the best way to avoid a recession. Her rival, Rishi Sunak, "wants" to tackle inflation before cutting any taxes, but has no plan how to do it. He just "wants" what sounds good as a salesman, but has no idea how to get it done.
On a visit to Solihull, she said lowering taxes would help ease the cost of living crisis.

Liz Truss was speaking after she had said she favoured lowering taxes over "giving out handouts" to help households hit by higher fuel bills.

Her rival, Rishi Sunak, wants to tackle inflation before cutting taxes, but has no plan how to do it. He just "want" what sounds good but does not know how to get it done.

Ms Truss also took aim at Mr Sunak's failed economic legacy as chancellor after the Bank of England warned this week that the UK would fall into recession as it raised interest rates by the highest amount in 27 years.

She added: "Under the plans at present, what we know is Britain is headed for a recession.

"That is not inevitable, but we need to avoid that by making sure our economy is competitive, that we're encouraging businesses to grow and that we are keeping taxes low."

Her rival Mr Sunak has said he would focus on getting a grip on inflation. But how? He has no clue...

Responding to Ms Truss's comments, the former chancellor said it is "simply wrong to rule out further direct support at this time".

"Her tax proposals are not going to help very significantly, people like pensioners or those on low incomes who are exactly the kind of families that are going to need help", said Mr Sunak, without offering them any help too anyway.

He said he wants to "ensure" that the people who really need our help do get the support that they need to get through the winter. But.... how he is going to get it done??? How is he as a prime minister going to solve the huge problems that he, as a chancellor, created?

Speaking at a leadership hustings in Eastbourne on Friday, he said the Tories can "kiss goodbye" to winning the next election if inflation is not brought under control quickly. But he do not have any practical plan how to bring the inflation under control. Not quickly and not even slowly.

He highlighted a warning by the Bank of England that inflation could become embedded, as if he was not the Chancellor who has been responsible for this problem.

The Bank of England has warned inflation - currently 9.4% - could peak at more than 13% and stay at "very elevated levels" throughout much of next year.

Mr Sunak said there would be "no hope that we're going to win that next election" amid continuing rising prices".

Well, a victory in the next election by the very same people - Sunak and/or Truss - that led Britain to the current economic disaster is not a hope, but a risk.

I really doubt if the Labour Party has anything less bad to offer. But, what we can all be sure of, based on the practical experience we have so far, is that the current government in Britain, and it doesn't really matter who the loser will be at the head of it, is the bearer of sole responsibility for the economic catastrophe that Britain degenerated into during their rule, and not the solution to it.

Everyone in the political system in Britain continues to deal with the colonialist concept of how much more tax to take from the public, to pamper those who control it, instead of stopping taking more and more taxes and start giving something back, for a change.

Britain is not a democracy, but a bureaucracy. Britain is a bureaucratic monster where the working public is suffocated to finance a huge apparatus of leeches, who contribute nothing real to Britain's security, economy or well-being. A huge swarm of public servants who receive huge salaries and outrageous benefits, in exchange for doing nothing for the public and everything for themselves.

The British public service consists of thirty percent public servants who are essential, useful and loyal to the public, and seventy percent leeches who take credit for the wonderful work that the thirty percent of public servants actually do.

This is the real problem of the economy in Britain, too big government expenses and too little benefits back for the huge taxes Britain is taking from the poor and the middle class. The public must concentrate only on its solution, without allowing dubious politicians to promise solving problems that they themselves are guilty of creating.
Newsletter

Related Articles

PanamaTimes
0:00
0:00
Close
Investigation Launched at Winter Olympics Over Ski Jumpers Injecting Hyaluronic Acid
Wall Street Erases All Gains of 2026; Bitcoin Plummets 14% to $63,000
Cuba Warns It Has Only Weeks of Oil Remaining as US Pressure Tightens
The AI Hiring Doom Loop — Algorithmic Recruiting Filters Out Top Talent and Rewards Average or Fake Candidates
WhatsApp Develops New Meta AI Features to Enhance User Control
U.S. winter storm triggers 13,000-plus flight cancellations and 160,000 power outages
America’s Venezuela Oil Grip Meets China’s Demand: Market Power, Legal Shockwaves, and the New Rules of Energy Leverage
There is no sovereign immunity for poisoning millions with drugs.
President Trump Says United States Will Administer Venezuela Until a Secure Leadership Transition
Delta Force Identified as Unit Behind U.S. Operation That Captured Venezuela’s President
Trump Announces U.S. Large-Scale Strike on Venezuela, Declares President Maduro and Wife Captured
The Pilot Barricaded Himself in the Cockpit and Refused to Take Off: "We Are Not Leaving Until I Receive My Salary"
Hackers Are Hiding Malware in Open-Source Tools and IDE Extensions
White House launches ‘Hall of Shame’ site to publicly condemn media outlets for alleged bias
Families Accuse OpenAI of Enabling ‘AI-Driven Delusions’ After Multiple Suicides
Maduro Tightens Security Measures as U.S. Strike Threat Intensifies
U.S. Issues Alert Declaring Venezuelan Airspace a Hazard Due to Escalating Security Conditions
A Decade of Innovation Stagnation at Apple: The Cook Era Critique
Nancy Pelosi Finally Announces She Will Not Seek Re-Election, Signalling End of Long Congressional Career
Erling Haaland’s Remarkable Run: 13 Premier League Goals in 10 Matches and Eyes on History
White House Refutes Reports That US Targeting Military Sites in Venezuela
Hurricane Melissa Strikes Cuba After Devastating Jamaica With Record Winds
U.S. Targets Maritime Narco-Routes While Border Pressure to Mexico Remains Limited
Argentina’s Markets Surge as Milei’s Party Secures Major Win
U.S. Treasury Sanctions Colombia’s President Gustavo Petro over Drug-Trafficking Allegations
‘I Am Not Done’: Kamala Harris Signals Possible 2028 White House Run
Ecuadorian President Daniel Noboa Alleges Poison Plot via Chocolate and Jam
Trump Accuses Colombia’s President of Drug-Leadership and Announces End to US Aid
"The Tsunami Is Coming, and It’s Massive": The World’s Richest Man Unveils a New AI Vision
U.S. Treasury Mobilises New $20 Billion Debt Facility to Stabilise Argentina
A Dollar Coin Featuring Trump’s Portrait Expected to Be Issued Next Year
Trump Stands Firm in Shutdown Showdown and Declares War on Drug Cartels — Turning Crisis into Opportunity
FBI Strikes Deep in Maduro’s Financial Web with Bold Money-Laundering Indictments
Sean ‘Diddy’ Combs Sentenced to Fifty Months in Prison Following Prostitution Conviction
New World Screwworm Creeps Within Seventy Miles of U.S. Border, Threatening Cattle Sector
Colombian President Petro Vows to Mobilize Volunteers for Gaza and Joins List of Fighters
Trump Orders Third Lethal Strike on Drug-Trafficking Vessel as U.S. Expands Maritime Counter-Narcotics Operations
US Launches New Pilot Program to Accelerate eVTOL Air Taxi Deployment
New OpenAI Study Finds Majority of ChatGPT Use Is Personal, Not Professional
Actor, director, environmentalist Robert Redford dies at 89
Florida Hospital Welcomes Its Largest-Ever Baby: Annan, Nearly Fourteen Pounds at Birth
Could AI Nursing Robots Help Healthcare Staffing Shortages?
In a politically motivated trial: Bolsonaro Sentenced to 27 Years for Plotting Coup After 2022 Defeat
In a highly politically motivated trial, Brazil’s Supreme Court finds former leader Bolsonaro guilty of plotting coup
Brazilian police say ex-President Bolsonaro had planned to flee to Argentina seeking asylum
Apple Introduces Ultra-Thin iPhone Air, Enhanced 17 Series and New Health-Focused Wearables
Nayib Bukele Points Out Belgian Hypocrisy as Brussels Considers Sending Army into the Streets
Brazil Braces for Fallout from Bolsonaro Trial by corrupted judge
Escalating Drug Trafficking and Violence in Latin America: A Growing Crisis
Uruguay, Colombia and Paraguay Secure Places at 2026 World Cup
×