US EditionTory shadow chancellor to say sorry for Liz Truss mini-Budget
- The Conservative shadow chancellor Mel Stride will formally apologise for Liz Truss's September 2022 mini-budget that caused market turmoil in the UK.
- The mini-budget, delivered by Chancellor Kwasi Kwarteng after Truss won Tory leadership, included £45bn of tax cuts and subsidies without proper funding plans.
- The plan undermined confidence in the UK's economic framework, triggered mortgage rate spikes, a pound devaluation, and led to Truss's resignation after 49 days.
- Stride will affirm that the Conservative Party will no longer damage its financial reputation by committing to unaffordable promises, recognizing the resulting loss of trust and economic stability.
- The apology signals Conservative efforts to regain public trust by distancing from Truss's policies, while facing criticism from Labour and Reform UK over economic management.
21 Articles
21 Articles
Mel Stride promises the Tories won’t repeat the mistakes of Liz Truss – except they already have
It’s a mistake to think that, when it comes to the UK economy, the Conservatives have always been seen by British voters as a safer pair of hands than Labour. But, notwithstanding the damaging austerity imposed on the country by David Cameron’s chancellor, George Osborne, it was, by and large, the case between 2008 and 2022. This was a period bookended by the global financial crisis that occurred under Gordon Brown’s watch as Labour chancellor a…
Tories Bid to Reclaim Economic Credibility, But Mel Stride’s Speech Lacks Policy Punch
Shadow chancellor Sir Mel Stride has renewed the push to reclaim the Conservatives’ reputation for economic credibility, as he delivered a speech in which he sought to distance the party from former Prime Minister Liz Truss’s mini-budget. But while Stride acknowledged past failings and criticised Labour and Reform UK policies, his remarks notably lacked detailed economic policy proposals. He called for a radical “rewiring” of the economy and adm…
‘Shouldn’t you apologise for the past 14 years?!’ Katherine Forster in brutal grilling of Mel Stride over Tory economic record
GB News political correspondent Katherine Forster asked Shadow Chancellor Mel Stride to "apologise for the past 14 years" of the Conservative Party’s economic record during a question following his speech on the economy
UK Conservatives Apologize for Truss With Vow for Sound Finances
The UK Conservatives apologized for former Prime Minister Liz Truss’s disastrous 2022 mini-budget as the country’s main opposition party sought to restore its reputation for economic competence and build a platform to challenge for power in the next general election.
Mel Stride: Tories will ‘never again’ put economy at risk like Liz Truss
Tories will “never again” risk a Liz Truss-style budget and make promises they can’t afford, shadow chancellor Mel Stride has pledged. In a speech this morning, Stride said that the Conservative Party will not trade economic stability in return for shallow promises and fantasy economics. Read the full text below: “Today my party is in a difficult place. Many have lost trust in us and many are right to be angry. For some Conservatives our predic…
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