Liz Truss from the UK says the key mission will be to revitalize the economy


Conservative leader candidate Liz Truss speaks at a Hustings event as part of the Conservative Party’s leadership campaign in Belfast, Northern Ireland August 17, 2022. REUTERS/Clodagh Kilcoyne

Sign up now for FREE unlimited access to

to register

LONDON, Aug 18 (Reuters) – Front-runner as Britain’s next Prime Minister Liz Truss said her government’s crucial mission was to revitalize the economy as she unveiled a range of measures to support parts of northern England.

The UK’s economic performance has lagged behind those of the United States, Italy and France as it recovers from the COVID-19 pandemic. The economy is expected to enter a long downturn by the end of the year amid rising inflation and rising interest rates.

“My government’s ultimate mission will be to get our economy growing again and cut taxes to put more money in the pockets of hard-working people,” Truss said.

Sign up now for FREE unlimited access to

to register

Outgoing Prime Minister Boris Johnson had said reducing regional economic disparities was his main goal. But public spending in the north of England fell below the national average in the first two years of his government, research by the Institute for Public Policy Research has shown.

Truss said she is committed to the current government’s goal of reducing economic inequalities, but would do so in a “conservative manner,” which was interpreted as her focus on tax cuts and deregulation.

Speaking ahead of the Manchester general election campaign in northern England on Friday, Truss pledged to ensure more decentralization to ensure poorer areas get the government funding they need and to build two new vocational schools in the north of England that will “the professional equivalent” of Oxford and Cambridge”, called “Voxbridge”.

Truss has portrayed himself as a radical insurgent who would overthrow the current failed orthodoxy and proposed reversing more than £30 billion ($36 billion) in tax hikes.

Sign up now for FREE unlimited access to

to register

Reporting by Andrew MacAskill Editing by Bernadette Baum

Our standards: The Thomson Reuters Trust Policy.


Comments are closed.