Why Truss and Kwarteng’s tax cuts for the rich will lower growth

Jeevun Sandher writes for openDemocracy

Jeevun Sandher wrote about the mini-Budget for openDemocracy.

Liz Truss claims that she is cutting taxes in today’s mini-budget because it will boost economic growth. It’s nonsense, fairytale economics. These tax cuts will only lead to the rich getting richer and the rest of us getting poorer, creating a more unequal society as well as a less healthy and productive workforce.”

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