“At last! A true Tory budget”
Daily Mail says The boldness and courage of Kwasi Kwarteng’s debut Budget is seismic. By taking a hatchet to taxes and placing growth front and centre of economic policy, the Chancellor has produced a genuine Tory package elbowing to one side the Treasury’s fiscal conservatism which restrained his predecessors.
The scale of the package is mind-boggling. Liz Truss and her Chancellor have turned their backs on the doomsters in the think-tanks, in the civil service and on the political Left to launch a revolution with the goal of unleashing enterprise, entrepreneurship, endeavour and productivity.
In the next two years the Chancellor’s measures will put more than £58billion of taxes back into the pockets of consumers and companies, hopefully lifting confidence and sparking a surge in consumption and investment.
The uplift could be higher still because officials are often unwilling to acknowledge supply-side changes – reductions in tax levels and regulations such as getting rid of VAT for overseas visitors to Britain – can generate billions for the Exchequer.