Neville is speaking at the Labour party conference on Monday
Gary Neville has launched a scathing attack on Liz Truss, Kwasi Kwarteng and the Tory government, labelling the tax cuts announced last week as “immoral.”
On Friday, Kwasi Kwarteng delivered his so-called ‘mini-budget’ which was labelled as “unashamedly for the rich” and roundly criticised by those on both the left and right.
Kwarteng announced plans to abolish the top rate of income tax for the highest earners as he spent tens of billions of pounds in a “gamble” to promote growth.
From April, the 629,000 earners getting more than £150,000 a year will no longer pay the top income tax rate of 45 per cent and will instead pay the 40 per cent applicable to those on over £50,271.
He also axed the cap on bankers’ bonuses and added restrictions to the welfare system, arguing that tax cuts are “central to solving the riddle of growth”.
Neville has now become the latest figure to criticise the mini-budget, labelling the plans “immoral” and accusing Liz Truss and the Tories of “taking the mickey” out of the British public.
It’s as the Man United legend prepares to make a star appearance at the Labour party conference in Liverpool on Monday.
Speaking to the Daily Mirror, he declared that Keir Starmer as prime minister would be “a change that cannot come quick enough”.
He told the publication: “People are struggling to pay their energy bills. I don’t know any person on more than £150,000 a year that will think it’s the right thing to do to basically give us more money.
“They want better public services, better health, education, doctor waiting times to come down.”
Neville is set to appear alongside Starmer and Shadow Culture Secretary Lucy Powell at the conference in Liverpool, and will tell those present that “this is the time now to get behind Keir 100 per cent.”
But he maintains that he is “not interested in a career in politics” and would rather be a “loose cannon on the outside.”
“It’s immoral to think at this moment in time, tax cuts should be given to the wealthy when people are so nervous and desperate,” he said. “The reason I’m there is to highlight with my voice that it’s just wrong.
Moving on to Kwasi Kwarteng, the 47-year-old labelled him “the guy who woke up last week and laughed at the Queen’s funeral on Monday, then went and removed the cap on bankers’ bonuses on Thursday, laughing at the whole country.”
He added: These guys are taking the absolute mickey out of us.”
On Monday, the pound has crashed since Kwarteng’s mini-budget last week, and on Monday it reached an all-time low against the dollar.
The pound has fallen to a record low against the dollar overnight, hitting $1.04.
A weak pound makes our imports of gas and oil more expensive, further exacerbating the cost of living crisis. pic.twitter.com/wUITUXjAhB
— Paul Brand (@PaulBrandITV) September 26, 2022
If sterling is low compared to the dollar then the price of commodities which are purchased in dollars internationally, such as oil and gas, will rise here in the UK.
There are fears that inflation will remain high and some are expecting the Bank of England to raise interest rates even more to combat this.
Related links:
- Make Martin Lewis Prime Minister – Brits say
- Brexiteers are making millions out of the demise of the British economy
- Gary Neville publicly criticises Qatar’s living conditions for migrant workers
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