Liz Truss talks tax cut for wealthy, Rishi Sunak signals defeat

Truss says Bank of England should control inflation, vows energy plan within a week of election

Liz Truss has said it is fair to give higher earners more money back through tax cuts, saying recent Tory policy has failed to grow the economy.
 

The Tory leadership hopeful has pledged to reverse a National Insurance rise.
 

The Institute for Fiscal Studies said the cut would be a gain of £7.66 for lower income households but those on the highest income could gain more than £1,800.
 

Ms Truss said higher earners paid more tax, so would gain more from cuts. “Of course, there are some people who don’t pay tax at all,” the BBC reported. “But to look