Mr Clarke was told during an interview with Sky News that the Institute for Fiscal Studies had described Liz Truss’s strategy for achieving economic growth as “a gamble at best”. He replied, “No, it’s not. It’s about saying that if we want to get back to the growth trend that this country enjoyed before the 2008 financial crisis, the 2.5 percent average that we were seeing, then we have to go back to the measures that we know work and that we’ve seen of course. during the 1980s and 1990s they helped to stimulate a period of enormous prosperity in the British economy. “In other words, we ensure that alongside a clear state investment program, we will focus on the real drivers of growth, namely reducing the tax burden faced by both businesses and families. “This is something the Prime Minister made central to her leadership campaign this summer and today we will see it translated into action through what I believe will be a really important and game-changing economic situation.”
