{"id":130827,"date":"2023-09-22T23:47:59","date_gmt":"2023-09-22T23:47:59","guid":{"rendered":"https:\/\/bluemull.com\/?p=130827"},"modified":"2023-09-22T23:47:59","modified_gmt":"2023-09-22T23:47:59","slug":"liz-truss-blasts-labours-plan-to-hand-more-power-to-budget-watchdog","status":"publish","type":"post","link":"https:\/\/bluemull.com\/world-news\/liz-truss-blasts-labours-plan-to-hand-more-power-to-budget-watchdog\/","title":{"rendered":"Liz Truss blasts Labour&apos;s plan to hand more power to budget watchdog"},"content":{"rendered":"<h2>Liz Truss blasts Labour&#8217;s plan to hand more power to the budget watchdog, warning that it would not help get the economy growing<\/h2>\n<ul>\n<li><strong>READ MORE: Liz Truss branded PM &#8216;Russi Sunak&#8217; in clash with then Chancellor\u00a0<\/strong><\/li>\n<\/ul>\n<p>Liz Truss yesterday attacked a Labour proposal to hand more power to the budget watchdog, warning that it would not help get the economy growing.<\/p>\n<p>The former prime minister said it &#8216;beggared belief&#8217; that the Opposition thought Britain&#8217;s problems could be solved by bigger government.<\/p>\n<p>She spoke out after Sir Keir Starmer revealed plans to strengthen powers given to the Office for Budget Responsibility (OBR). Ms Truss said: &#8216;The 25-year economic consensus has led to state spending being higher than it&#8217;s been for around 50 years, taxes at their highest since World War Two and a debt of over \u00a32.5trillion.<\/p>\n<p>&#8216;This has caused low economic growth. It beggars belief that Labour think Britain&#8217;s problems will be solved by bigger government and even more powers for quangos.<\/p>\n<p>&#8216;Hard-working people and businesses \u2013 freed from overbearing regulation, tax, and debt \u2013 are going to get Britain growing again, not more bureaucrats in London.&#8217;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/09\/22\/23\/75746645-12551269-image-a-47_1695420250753.jpg\" height=\"423\" width=\"634\"><\/p>\n<p>Liz Truss yesterday attacked a Labour proposal to hand more power to the budget watchdog, warning that it would not help get the economy growing<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/09\/22\/23\/75746733-12551269-image-a-48_1695420252928.jpg\" height=\"423\" width=\"634\"><\/p>\n<p>She spoke out after Sir Keir Starmer revealed plans to strengthen powers given to the Office for Budget Responsibility (OBR)<\/p>\n<p>Labour announced yesterday that it would hand more power to the OBR to prevent a repeat of the market collapse after Ms Truss&#8217;s mini-budget a year ago that led to her resignation as prime minister.<\/p>\n<p>Under the party&#8217;s plans, ministers would be legally bound to consult the watchdog on major tax and spending changes.<\/p>\n<p>Sir Keir said it was &#8216;necessary&#8217; to introduce legislation to ensure the OBR had the power to independently publish its own impact assessment.<\/p>\n<p>Speaking at the London Stock Exchange alongside the shadow chancellor Rachel Reeves, Sir Keir said: &#8216;A year ago huge damage was done to our economy and we&#8217;re still paying the price. That can never be allowed to happen again.&#8217;<\/p>\n<p>The move would bring &#8216;stability for so many families that were affected by that disaster of a budget just a year ago&#8217;, the Labour leader added.<\/p>\n<p>Labour announced the proposal a year on from Ms Truss&#8217;s mini-budget, which contained a number of tax cuts that spooked the markets.<\/p>\n<p>Ms Truss and her chancellor Kwasi Kwarteng declined to publish the OBR&#8217;s independent forecasts for the public finances alongside their spending plans.<\/p>\n<p>Source: <a href=\"https:\/\/www.dailymail.co.uk\/news\/article-12551269\/Liz-Truss-government-Starmer-OBR.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Liz Truss blasts Labour&#8217;s plan to hand more power to the budget watchdog, warning that it would not help get&hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - 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