Truss' controversial tax-cutting policies are not 'trickle-down economics' and will 'help everyone', minister insists
Liz Truss' controversial tax-cutting policies are not "trickle-down economics" and will "help everyone" by boosting economic growth, a government minister has insisted.Foreign Officer minister Gillian Keegan has argued that the Prime Minister's plans for a taxation revolution will help everyone in society, despite claims they will disproportionately benefit the rich.
Pressed on how tax-cutting policies would help the rail worker, Ms Keegan said: "The biggest part of our economy is financial services - it's 8.3% of GDP, it contributes £73 billion to the Exchequer every year, and if that grows, everybody benefits.Truss willing to be 'unpopular' as she prepares to scrap cap on bankers' bonuses amid tax revolution
"We've just put a massive package in place to support people with their energy bills, there's no trickle-down about it, it's direct, it's direct to people's bank accounts, it's directly off their bills, and that's on top of the support that we already had in place."
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