Gove Backs Truss on Tax Cuts
Tory Conference in Manchester kicked off with a heated debate as Michael Gove threw his support behind Liz Truss in her call for tax cuts leading up to next year's general election. Gove, the Levelling Up Secretary, emphasized that reducing taxes was a shared principle among Conservatives.
PM Rejects Commitment to Tax Cuts
Contradicting Gove's stance, Prime Minister Rishi Sunak declined to make the same commitment during an interview with the BBC. Instead, Sunak emphasized the importance of tackling inflation as the "best tax cut" he could initiate.
Truss and Allies Rally for Change
Liz Truss, along with fellow conservatives on the right of the party, will hold a conference "growth rally" to pressure the PM to change his course on the economy. Truss will advocate for a reduction in corporation tax from 25% to 19% and urge Sunak to restore the Tories' reputation as the "party of business" by scaling back the size of the state.
Gove Supports Truss Without Signing Pledges
Michael Gove joined Truss's call for tax cuts without feeling the need to "sign any pledges" to showcase his commitment to reducing the size of government. Gove highlighted his dedication to working alongside the Chancellor and others to promote value for money and lower the cost of government.
courtesy of thesun.co.uk
Sunak's Refusal to Cut Taxes
Despite pressure from backbenchers and ministers, PM Rishi Sunak refused to concede to their demands for tax cuts. Sunak argued that inflation is its own form of taxation and that his focus is on addressing inflationary concerns.