Liz Truss Calls on Rishi Sunak to Back Fracking and Tax Cuts

2023-10-01 23:30:01

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Liz Truss Urges Rishi Sunak To Support Fracking And Tax Cuts

Liz Truss is set to call on Rishi Sunak to back fracking and commit to reducing business taxes ahead of the next election. According to Truss, both strategies are crucial for the growth of the UK economy.

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Truss's decision to appear at the Conservative conference in Manchester has caused controversy within the party, as it comes less than a year after her resignation as Prime Minister. At the conference, she will join other prominent figures such as Priti Patel and Jacob Rees-Mogg for a "Great British Growth" rally.

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Fracking for Energy Independence

During her time as Prime Minister, Truss attempted to implement two policies that she will now advocate for at the conference. The first is shale gas exploration, commonly known as fracking, which Truss argues is necessary to prevent the UK from heavily relying on gas imports.

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Truss will emphasize the national security implications of importing gas from foreign countries, as well as the environmental impact of transporting it long distances. She believes that tapping into domestic shale gas reserves, as done in the US, could potentially reduce family gas bills by up to 50%.

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Reducing Corporation Tax

The second policy Truss will push for is a reduction in corporation tax. Truss argues that high taxes and excessive regulations are driving businesses away from the UK, and instead, the government should focus on attracting and supporting both domestic and international businesses.

In her speech, Truss will stress the importance of creating a favorable business environment and preventing companies like AstraZeneca from relocating abroad due to the burden of high taxes. She believes that lowering the corporation tax rate back to 19% will help establish the Conservative Party as a pro-business party once again.

Ben Houchen, the Tory mayor of Tees Valley, expressed his disappointment with Truss attending the conference, suggesting that as a former Prime Minister, she should have refrained from participating. However, Truss remains determined to advocate for her proposed policies.

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