[Sephiroth]

She is a lying toad. Unless she overrules her Chancellor, she's stealth taxing us rather than putting more money into our pockets. I hope the press crucify her.

From the Torygraph:

Average households will be £1,450 worse off, says IFS

She [Truss] said she would reduce the burden of the state to unleash growth. But despite Liz Truss's "tax-cutting" mini-Budget, a detailed analysis reveals today that the Treasury will impose an additional £21 billion of income taxes. The average household will be £1,450 a year worse off as a result of the stealth raid, according to the Institute for Fiscal Studies. The typical basic rate taxpayer will pay an extra £500 in income tax and National Insurance per year by 2026, while higher rate earners are facing a £3,000 annual increase. The figures are based on analysis of the decision by Kwasi Kwarteng to freeze tax thresholds. As deputy economics editor Tom Rees reports, the so-called fiscal drag effect is likely to form a key part of a report by the Office for Budget Responsibility, which is due to be delivered to the Chancellor tomorrow. Last night, Fitch became the third credit rating agency to signal that the Prime Minister's tax cuts had put the UK at risk of a downgrade. Early today, the pound held steady against the dollar. Follow the latest updates in our live blog.