Truss insists recession not inevitable as Sunak warns she will make things worse

by 24britishtvAug. 5, 2022, 9:50 a.m. 17
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From skeletons in their closets and clashes over their economic policies as the Bank of England warns of a long recession, Liz Truss and Rishi Sunak have discussed at length a range of topics during their latest televised debate. The two Tory leadership hopefuls took part in Sky News’ The Battle for Number 10 on Thursday night, which saw them separately taking questions from party members. They were also both interviewed by Sky News’ presenter Kay Burley. Here are the key points raised during the 90-minute-long TV event. – Ms Truss and Mr Sunak clashed over their economic policies after the Bank of England warned of a long recession The Foreign Secretary insisted a recession is not inevitable when asked about the Bank of England’s forecast for an outright recession and 13% inflation. She told the studio audience: “What the Bank of England have said today is of course extremely worrying, but it is not inevitable. We can change the outcome and we can make it more likely that the economy grows.” She said she wanted to keep taxes low and “do all we can to grow the economy by taking advantage of our post-Brexit freedom, unleashing investment, changing things like the procurement rules and doing things differently”. On the other hand, the former chancellor warned Ms Truss’s plan would make the dire economic situation worse, warning of “misery for millions” by pouring “fuel on the fire”. Subscribe to the Evening Standard on YouTube: https://www.youtube.com/channel/UC7RQon_YwCnp_LbPtEwW65w?sub_confirmation=1

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