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Treasury Cmte Chair-Row Back On Taxes May Be Required To Calm Markets

UK

Chair of the House of Commons Treasury Select Committee Mel Stride MP (Con, Central Devon) tweets:

  • "Given the clear government position expressed today on protecting public spending there is an emerging question. Whether any plan that does not now include at least some element of further row back on the tax package can actually satisfy the markets."
  • "Credibility might now be swinging towards evidence of a clear change in tack rather than just coming up with other measures that try to square the fiscal circle. The Chancellor will only get one opportunity to land his plans and the forecast positively. He must take no chances. There is too much at stake for all of us."
Stride has been a prominent voice from the Conservative benches criticising the gov'ts economic plans. Some of this has been viewed as partisan (Stride chaired the campaign of PM Liz Truss' leadership challenger Rishi Sunak), but as select committee chair, Stride's opinions carry notable weight within the party and broader House of Commons.

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