Sir Keir Starmer has accused the Government of 'gambling with people's finances and mortgages' with its 'casino economics'. Speaking before his party's annual conference in Liverpool the Labour leader said Prime Minister Liz Truss and Chancellor Kwasi Kwarteng had shown their 'true colours' with their raft of tax cuts that mainly benefit the wealthy.
Sir Keir’s supporters hope he will use the four-day conference, which kicks off on Sunday, to capitalise on the unpopularity of the new administration’s economic measures. The Government’s controversial programme of lifting caps on bankers’ bonuses, cracking down on benefits and vast tax cuts has widened the ideological rift between the two main parties and handed Labour plenty of ammunition.
Addressing a crowd outside Liverpool’s Pullman Hotel, Sir Keir said: "After 12 long years of Tory failure, didn’t they just show their true colours yesterday? Their driving ideology – make the rich richer and do nothing for working people.
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"Well, this conference is our chance to set out the alternative, to make our case for an economy that works for working people, growth for everyone everywhere, wherever they are, a fairer, greener future. Let’s do it."
Earlier, the Labour leader tweeted: "Tory casino economics is gambling the mortgages and finances of every family in the country. Labour will secure growth for working people, that benefits all communities."
He is expected to link Conservative decisions to falling living standards and articulate a convincing vision to improve them. Labour’s call for a heavier windfall tax on the profits of energy and oil giants to fund freezing energy
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