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Business Secretary Says UK Needs A ‘Looser Fiscal Approach’ To Tackle Soaring Inflation

Business Secretary Says UK Needs A 'Looser Fiscal Approach' To Tackle Soaring Inflation

(Alamy)

Eleanor Langford

4 min read

Kwasi Kwarteng has said putting up taxes “isn’t going to help people” and that the UK needs a “looser fiscal approach” to tackling rising inflation.

The business secretary, who is backing Liz Truss in the Conservative leadership race, said tax rises implemented under former chancellor Rishi Sunak were adding “insult to injury” amid the difficult economic climate.

The Bank of…


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