Shadow Chancellor Mel Stride is set to address the UK's economic stability, distancing the Conservative Party from the damaging consequences of Liz Truss's 45bn tax cut plan. Stride acknowledges that mistakes made during Truss’s brief premiership in 2022 have negatively impacted the party’s credibility. In response, Truss defends her economic strategy, claiming it had potential to 'turbocharge' the economy, while criticizing Stride's compliance within the Treasury system. The Labour Party continues to leverage this mini-budget debacle against the Conservatives as evidence of their economic mismanagement.
Stride will say "mistakes were recognised" but acknowledge "the damage to our credibility is not so easily undone".
Truss accused Stride of being "a creature of the system," adding: "When he served alongside me as Treasury minister, he always went along with officials."
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