Liz Truss vows to end ‘Whitehall-inspired Stalinist housing goals’ when she becomes PM
- Tory leaders hoped to replace “Labour approaches” with tax cuts
- Ms Truss said: “The best way to generate economic growth is from the bottom up.”
- She promised to bring about the “biggest change in our economic policy in 30 years”.
Liz Truss has said she will put an end to “Whitehall-inspired Stalinist housing goals” when she becomes prime minister.
That Tory The hopeful leadership said it would replace “work approaches” with tax cuts and deregulation and encourage developers to build new homes.
The foreign secretary has promised to put an end to “Whitehall-inspired Stalinist housing targets” when she becomes prime minister
Speaking to the Sunday Telegraph, Ms Truss said: “The best way to generate economic growth is from the bottom up, by incentivising investment through the tax system and simplifying regulations.” She added: “I want to do away with the Whitehall-inspired Stalinist housing targets from the top down. I think this is the wrong way to generate economic growth.”
She said she would amend the Leveling Up Bill to replace centralized targets with tax cuts and less bureaucracy in “opportunity zones” to make it easier and faster for developers to build on brownfield sites “to jumpstart our economy.”
She said she would replace “Labor approaches” with tax cuts and deregulation and encourage developers to build new homes
Ms Truss, who worked for energy giant Shell before entering politics, also said she would lift the fracking ban.
She said: “On the subject of fracking, I think it depends on the region and whether there is support in the region for it. But I definitely think we need to do everything we can to reduce energy bills for consumers.”
The former chief secretary of the Treasury also said that corporate interest rates were “holding back” growth and that she would “look again” at the Bank of England’s mandate to “make sure it is getting tough enough on inflation”.
Allies of Ms Truss are calling on the Conservative Right to unite behind her to guarantee her place in the final two leadership candidates put to Tory Party members. However, Ms Truss competes with Kemi Badenoch, the former Equality Minister, for the right of the party.
The Foreign Secretary told the Telegraph her rivals are “incredibly talented politicians” and she believes in “having all the players on the pitch”.