Truss rejects an energy tax in her Commons debut

The British Prime Minister, Liz Truss, ruled out this Wednesday applying a tax on the profits of oil companies to finance measures that allow reducing the energy bill, in her debut in the weekly session of control of the Government in the House of Commons.

NewsEditor
NewsEditor
07 September 2022 Wednesday 11:30
13 Reads
Truss rejects an energy tax in her Commons debut

The British Prime Minister, Liz Truss, ruled out this Wednesday applying a tax on the profits of oil companies to finance measures that allow reducing the energy bill, in her debut in the weekly session of control of the Government in the House of Commons.

Truss, who has promised to cut taxes to combat rising costs of living, which will force her to curtail spending or increase public debt, argued that further taxing oil and gas giants would "disincentivize investment." .

"Growth is not achieved by raising taxes," said the new Conservative leader in response to the opposition leader, Labor Keir Starmer, who inquired how he plans to pay for his plan, which will detail tomorrow, by which he will guarantee loans to the retail energy sector.

Starmer accused her rival of wanting to "borrow more than necessary" and let the taxpayers pay that debt in the long run, and recalled that she was part of the successive "Tory" governments whose management led to the current crisis.

Truss, who began hesitantly but gained strength towards the end of the confrontation, said that her opponent does not understand the concepts "of aspiration and opportunity" and that citizens want to "keep the money they earn."

At the beginning of her speech, the Prime Minister, who took office yesterday to replace Boris Johnson, assured that she wishes to work "constructively" with all the parties in the House of Commons, where the Conservatives have an absolute majority.

Comments

Warning!

You have to login for comment. If you are not a member? Register now.

Login Sign Up