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The Truss era is over at 50 days with a warning about high taxes and low growth


Outgoing British Prime Minister Liz Truss gave her final speech in office before meeting the king to officially step down, in which she quoted the stoic philosopher Seneca and laid the groundwork for a future ‘I told you so’ moment. about the dangers of high taxes and low growth. .

Speaking from the steps of 10 Downing Street on Tuesday morning, Liz Truss, who has been Prime Minister for just 50 days including today, gave a speech which briefly touched on her achievements in office – there are none not much, after all – but spent more time defining what needs to be done next.

Speaking about the few policy announcements from his government that have yet to be rescinded by government assassin Sunak – Jeremy Hunt, who was widely seen as pushing a globalist coup against Truss from within in his last weeks – Name of Truss – checked winter fuel support measures and the cancellation of a tax hike.

Citing another area of ​​major progress, although it is not yet clear whether these measures will survive the change of government, Truss said: “We are regaining our energy independence, so we are never again beholden to fluctuations in the global market or to malevolent foreign powers”, a reference to the important work of legalizing hydraulic fracturing in the United Kingdom, allowing more drilling in the North Sea and paving the way for a new nuclear.

A legacy member of Boris Johnson’s destructive green government, it’s entirely possible that Sunak will undo these measures, especially the critical fracking bridge for gas, which sparks particular hatred among globalist organizations that Sunak is seen to be associated with. .

But, quoting the stoic philosopher Seneca who urged leaders to make tough decisions, Truss was more involved in crafting her vision for Britain – perhaps one she would have liked to see enacted under her, if events hadn’t conspired against her – in a list that sounded like a warning to Sunak as much as anything.

“We simply cannot afford to be a low-growth country where the government takes an increasing share of our national wealth,” Truss said, in a warning against ever-rising taxation, before calling for a action to increase freedom, opportunity and democracy in the UK, taking advantage of the opportunities offered by Brexit.

Truss then traveled to the palace to meet King Charles III. In the brief period between his resignation and Sunak’s invitation to form a government, the country is without a prime minister, with full executive power returned to the king. In short, the country is briefly an absolute monarchy.

Read Liz Truss’ speech:

We simply cannot afford to be a low-growth country where the government takes a growing share of our national wealth.

It was a tremendous honor to be Prime Minister of this great country. In particular, to lead the nation to mourn the death of Her Majesty the Queen after 70 years of service, and to welcome the accession of King Charles III. In a very short time, this government has acted decisively and urgently on the side of hard-working families and businesses.

We reversed the National Insurance increase, we helped millions of households pay their energy bills and helped thousands of businesses avoid bankruptcy. We are regaining our energy independence, so that we are never again beholden to fluctuations in the global market or malevolent foreign powers.

Since my tenure as Prime Minister, I have been more convinced than ever that we must be bold and rise to the challenges we face. As the Roman philosopher Seneca wrote, it is not because things are difficult that we do not dare, it is because we do not dare that they are difficult.

We simply cannot afford to be a low-growth country where the government takes a growing share of our national wealth. And where there are huge divisions between different parts of our country. We need to take advantage of our Brexit freedoms to do things differently, that means giving more freedom to our own citizens and empowering our democratic institutions.

This means lower taxes so people can keep more of the money they earn. And that means generating growth, which will lead to more job security, higher wages and better opportunities for our children and grandchildren.

Democracies must be able to respond to the needs of their own people. We must be able to overcome autocratic regimes where power is in the hands of a few. And now more than ever, we must support Ukraine in its courageous fight against Putin’s aggression. Ukraine must prevail and we must continue to strengthen our nation’s defenses. This is what I have endeavored to accomplish, and I wish Rishi Sunak every success for the good of our country.

… Our country continues to struggle against a storm, but I believe in Britain. I believe in the British people. And I know that better days are ahead of us. Thanks.



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