As Liz Truss and Michelle Donelan posed with the successful Lionesses, Kwasi Kwarteng brought forward his new “debt-cutting plan” to October the 31st, prompting the inevitable headlines. The Institute for Fiscal Studies warned Truss would require “£60 billion in savings” to balance the books, as borrowing costs continued to rise. Mel Stride warned that tax rises would be required.
With acknowledgments to Harry Cole and James Heale‘s Out of the Blue: the Inside Story of the Unexpected Rise and Rapid Fall of Liz Truss