Rishi Sunak took aim at Liz Truss during his first address to the nation as prime minister saying "mistakes were made" while she was in office.
12.10.2022 - 16:03 / dailyrecord.co.uk
Ian Blackford has accused Liz Truss of "ignoring the damage and the chaos" of her mini-budget that plunged the markets into turmoil due to her unfunded tax cuts.
The SNP's Westminster leader also took aim at the Prime Minister saying she was more concerned about saving the Chancellor Kwasi Kwarteng 's job than making sure the poorest in society will be able to heat their homes this winter.
He said: "The reality is that the Prime Minister is ignoring the damage and the chaos of the mini-budget. She is worrying about saving the Chancellor's job, but many families are now worried not just about heating their homes, but keeping their homes, Prime Minister.
"The only thing growing under this Government are mortgages, rents and bills. Is that what she really meant when she declared herself a pro-growth Prime Minister?"
Truss replied that the Government had "taken action on helping families heat their homes" and noted that interest rates were rising globally.
The Prime Minister added: "I want to do all I can to help families across Britain and the way we are going to help them is by delivering economic growth by making sure we have the jobs and opportunities in Scotland and right across the UK."
Blackford also accused Truss of "scapegoating" the Governor of the Bank of England in order to save Kwarteng from the impact of the mini-budget.
The MP for Ross, Skye and Lochaber said: "When the Prime Minister last stood at the despatch box, the average two-year fixed rate mortgage stood at 4.5%, they are now at 6.5% and rising, hitting average families with an extra £450 a month on mortgage payments every single month over and above what they were paying.
"37 days into the job, this is literally the cost of the Prime Minister 's
Rishi Sunak took aim at Liz Truss during his first address to the nation as prime minister saying "mistakes were made" while she was in office.
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British Prime Minister Liz Truss will move to reshape her government’s economic policy after firing Chancellor of the Exchequer Kwasi Kwarteng and dropping key parts of her economic plan in response to market panic caused by the proposed "mini-budget." "After the fallout from the mini-budget, the Prime Minister needed to take drastic action to calm the markets and save her job," Alan Mendoza, executive director of the Henry Jackson Society, told Fox News Digital. "Sacking the architect of the policy, while brutal, was the most logical way to restore confidence and give her some breathing space to regroup politically." "Once [Truss] reached that conclusion it was only a matter of time before she acted on it, as had she not, it would now be her head on the platter rather than his," Mendoza added. The British pound dropped sharply after the government announced Kwarteng’s "mini-budget," a series of cuts to taxes intended to spur growth and fight record inflation.The program proved contentious, and Kwarteng did not explain how the government planned to fund the cuts and offset the costs. "We need a new approach for a new era, focused on growth," Kwarteng told lawmakers in the House of Commons when he introduced the plan, which he argued would provide short-term help for homes and businesses in the face of spiking energy costs while trying to increase tax revenues in the coming years. FILE - Britain's Chancellor of the Exchequer Kwasi Kwarteng arrives in Downing Street in London, on Sept.
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