'So now the Tories are going to slash your already shredded local services because they crashed the economy because they want to cut the taxes of the top 1%,' said OwenJones84.
The mini-budget"will likely increase inequality," the IMF, adding that the next full budget announcement—which Kwarteng is expected to outline in November—gives the U.K. government"an early opportunity… to consider ways to provide support that is more targeted and re-evaluate the tax measures, especially those that benefit high-income earners.
Other critics also delivered broader rebukes of Truss-aligned ideology, with some going as far back as former Conservative U.K. Prime Minister Margaret Thatcher. Institutionally, the Treasury's credibility has been ruined and the Bank of England's monetary policy destroyed.
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