An event with Liz Truss at the Conservative Party conference was called the «Great British Growth Rally»; Photo: Christopher Pledger for The Telegraph
Liz Truss will address a pro-growth rally at the Conservative Party conference on Monday as she tries to save her tax cut agenda.
The former prime minister will lead a group of senior MPs who will push for policies of low taxes and boosting economic growth that Rishi Sunak, her successor, sidelined in his first year in office.
Event held on Monday, was dubbed the «Great British Growth Rally», with Dame Priti Patel, the former Home Secretary, and Simon Clarke, the former Skills Secretary, discussing the «crisis» of Britain's low growth.
The development is likely to be a thorn in Mr Sunak's side as he tries to portray last year's party split as a thing of the past at his first annual conference since becoming prime minister.
Low economic growth 'undermines living standards'
Former party leaders tend to miss the conference, the main event on the party's political calendar, the year after leaving office.
Boris Johnson did not attend last year's event in Birmingham, Like other former Johnson cabinet ministers and Ms Truss's administration, she decided not to attend this year's event.
Ms Truss signaled she would continue to push her agenda to promote economic growth during an Institute of Government event earlier this month.
During her speech she responded to criticism from Mark Carney, who said that helped turn the UK into «Argentina on the Channel», clearly with her mini-budget in mind.
Ms Truss countered that the first Governor of the Bank of England had «defended» her role in the «25-year economic consensus that has led to low growth across the Western world».
She also defended her economic plan, adding : “The tax cuts we introduced were not major tax cuts.
“In fact, they would have had very little effect on the level of deficit. Their aim was to set a new direction for Britain.»
Planet Normal Podcast Episode 166 with Liz Truss
The Great British Growth Rally is described as a «star-studded line-up of speakers» who will explain «how we can tackle this crisis» of growth.
«Low economic growth is damaging living standards, livelihood opportunities and our national prospects » said the blurb for Monday's event.
» We must be bold and deliver supply-side reforms that enable young people to get on the housing ladder, businesses to grow, and the country to enjoy a brighter and better future. a secure future for all.”
Ranil Jayawardena, a Conservative MP who co-chairs the Conservative Growth Group with Clarke, said: “It feels like the tax man is breathing down your neck from cradle to grave.”
“It’s time for tax reform for everyone.» stage in people's lives — for first-time home buyers, for homeowners, for couples and working-age parents with children, for entrepreneurs — and for those who have worked their whole lives to pass something on to their loved ones. p>
The event at the Manchester conference will be seen as an attempt to keep Jeremy Hunt on fire as pressure comes on the Chancellor to include tax cuts in the November autumn statement.
Mr Hunt is expected to will propose an income tax cut in the spring, but last week said this remained «virtually impossible» at present.
Mr Sunak has promised he will cut income tax by 1p in April 2024, when he is running against Ms Truss for the leadership in August 2022.
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