Britain should prepare for new age of austerity, warns Simon Clarke
Simon Clarke, the levelling up minister and a key Liz Truss ally, has told
the Times that the market chaos that followed the government’s tax cutting mini-budget would pass and warned that Britain should prepare for a new age of austerity.
He also said the prime minister was “enjoying having the chance” to enact policies that “she believes is right”.
Despite the turmoil in financial markets, Clarke said that Truss was “astonishingly resilient” and urged the government to channel the spirit of Margaret Thatcher to push ahead with their vision.
The 38-year-old said:
Clarke added that for too long western countries have lived in a “fool’s paradise” and there would be cuts to government spending to ensure “full alignment with a lower-tax economy”.
Clarke said: