Grant Shapps: Liz Truss's tax cuts were clearly the wrong approach

Key Facts

• In a return to the political fray, Ms Truss wrote in the Sunday Telegraph that her economic agenda was never given a "realistic chance".
• Ms Truss resigned after she and her chancellor Kwasi Kwarteng introduced a £45bn package of tax cuts - including a cut to the top rate of income tax - which panicked the markets and alienated Tory MPs.
• He admitted that the UK's tax burden was currently "very high", and said he agreed with Ms Truss that Conservatives must be "making the good arguments" that a lower-tax economy can be successful in the long term.
• Image source, UK government Image caption, Grant Shapps was home secretary under Liz Truss for her final six days in office He tried to avoid addressing Truss's criticism that the Conservative Party had failed, for years, to make the case for free-market economics with low taxes and low regulation.

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