Liz Truss hits back at claims her economic plans are ‘electoral suicide note’

The Independent published this video item, entitled “Liz Truss hits back at claims her economic plans are ‘electoral suicide note'” – below is their description.

Liz Truss has hit back at claims that her plans for an emergency tax-cutting budget would be an “electoral suicide note”, accusing Rishi Sunak’s supporters of spreading “portents of doom”.

Dominic Raab, who is backing the former chancellor in the Conservative leadership contest, said Ms Truss’s promise to scrap the increase in National Insurance would do little to help families struggling with soaring prices.

But on a campaign visit to Huddersfield, the Foreign Secretary dismissed what she described as “declinist talk”, insisting the country can look forward to the future with optimism.

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About This Source - The Independent

The Independent is a British online newspaper. It was established in 1986 as a national morning printed paper. Nicknamed the Indy, it began as a broadsheet and changed to tabloid format in 2003. The last printed edition was published on Saturday 26 March 2016, leaving only the online edition.

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In This Story: Dominic Raab

Dominic Rennie Raab is a British politician serving as First Secretary of State and Secretary of State for Foreign and Commonwealth Affairs since July 2019.

This role is otherwise known as Foreign Secretary.

Raab served in the British Cabinet as Secretary of State for Exiting the European Union in 2018, until his resignation. That role was otherwise known as Brexit Secretary.

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In This Story: National Insurance

National Insurance (NI) is a fundamental component of the welfare state in the United Kingdom. It acts as a form of social security, since payment of NI contributions establishes entitlement to certain state benefits for workers and their families.

Introduced by the National Insurance Act 1911 and expanded by in 1948, the system has been subjected to numerous amendments in succeeding years. Initially, it was a contributory form of insurance against illness and unemployment, as well as eventually provided retirement pensions and other benefits.

Weekly income and some lump-sum benefits are provided for participants upon death, retirement, unemployment, maternity and disability. In order to obtain the benefits which are related to the contributions, a National Insurance number is necessary.

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