BBCNEWS Financial Turmoil June 4, 2024 11:37:00
Let's more from our political correspondent. when liz truss was running for the conservative party, she made no secret that she was in favour of tax cuts. her and the chancellor kwasi kwarteng think people and businesses have been paying too much in tax for too long, and that is what is holding people back, more growth means more for everybody in the long term is their view. to fund the tax cuts announced last week in the mini budget, the government was prepared to borrow a lot and to fund a big support package to help people with rising energy bills. normally alongside a big announcement like...