Kemi Badenoch Accused Of Making A 'Liz Truss-Style Promise' With Latest Unfunded Policy

Kemi Badenoch.Kemi Badenoch has been accused of making a “Liz Truss-style promise” after she unveiled plans for a massive unfunded tax cut.The Tory leader said she would axe the windfall tax on the profits of oil and gas companies, even though it is forecast to raise £10.8 billion over the next five years.The windfall tax was brought in by the Tories themselves in 2022 after oil prices spiked in the wake of Russia’s invasion of Ukraine.But in a speech to the Scottish Conservatives’ conference in Edinburgh on Friday, Badenoch said: “There is no longer a windfall to tax. It has long gone. And the longer this regressive tax on one of our most successful industries remains, the more damaging it becomes.“Labour have extended and increased this tax. They are killing this industry.“And frankly if it is allowed to remain in place until 2030, as is Labour’s current plan, there will be no industry left to tax.”But a Labour spokesperson said: “Another day, another unfunded spending commitment from the Conservatives. Kemi Badenoch has not said how she would fund this pledge, which would cost £10.8 billion over the next five years.“The Conservatives and Nigel Farage’s party are competing for how many Liz Truss-style promises they can make. Their reckless plans would mean billions more in borrowing, pushing up people’s mortgages, rents and bills.”Related...Rachel Reeves Monsters Nigel Farage For Backing Liz Truss's Disastrous Mini-BudgetVictoria Derbyshire Skewers Senior Tory Who Won't Say Sorry For Liz TrussLaura Kuenssberg Calls Out Top Tory After He Refuses To Apologise For Liz Truss's Mini-Budget

Comments

Breaking news

PR-savvy and now finally a knight - Beckham always knew how to turn on the charm

Skynews

Comments

Similar News

Kemi Badenoch: Defectors leaving the Tories for Reform UK is a 'good thing'

Kemi Badenoch calls for Windfall Tax on North Sea oil and gas to be scrapped as she tries to counter Reform surge in Scotland

Kemi Badenoch to call for end to energy windfall tax and oil licence ban

Fury as Kemi Badenoch 'shows she is on the side of oil and gas giants' with demands

Kemi Badenoch Squirms As Emma Barnett Asks For Any Tory Economic Policies In Car Crash Interview

Kemi Badenoch Sparks Widespread Mockery After Claiming She 'Gets Better Every Week'

Kemi Badenoch blasts Nigel Farage's Reform over support for a burka ban saying enforcing it would be a waste of police time

Boost for Kemi Badenoch as Tories raise twice as much as Reform in political donations

Kemi Badenoch says employers should be able to ban burqas in the workplace

Kemi Badenoch says she refuses to meet burka-clad constituents as Tories back allowing bosses to ban female staff from wearing Islamic veils

Excruciating Moment Kemi Badenoch Struggles To Answer BBC's Fundamental Liz Truss Question

More than nine of out ten of the Tory rank-and-file want Kemi Badenoch to purge 'wets' from the party in order to meet the challenge of Nigel Farage and Reform UK

Kemi Badenoch says office managers should be able to ban women from wearing face coverings

KEMI BADENOCH: A simple way to deter migrants? Make them wait for ten years before they can claim any benefits

How Robert Jenrick skewered Kemi Badenoch’s Tory leadership reboot

Donald Trump-style travel bans could be 'viable' in the UK, says Kemi Badenoch

Kemi Badenoch Says Introducing Trump-Style Travel Ban Could Be 'Viable' For UK

Kemi Badenoch admits she is still learning how to lead the Tories: ‘It takes a while’

Kemi Badenoch Claims Nigel Farage's Reform UK Is 'Another Left-Wing Party'

Kemi Badenoch BACKS Donald Trump-style travel bans and says Britain is being ‘mugged’ by migration

Breaking news

PR-savvy and now finally a knight - Beckham always knew how to turn on the charm

'Rarest 50p in UK circulation' worth £150 unveiled - it was issued just 2 years ago

Ruth Langsford shares 'healthy' prawn lunch - it needs just eight ingredients

Hiding in the fields - farm workers fearing deportation stay in California's shadows

School killings leave stunned Austria and France searching for answers

Foday Musa Suso, 75, Dies; Ambitious Ambassador for West African Music

DCA Is Halting Flights for Trump’s Military Parade. Here’s What to Know.

Trump Was Already a Crypto Czar in 2024

Urgent recall for vitamin gummies over ‘life-threatening health risk’

Judge blocks plan to allow immigration agents in New York City jail

Minnesota's election safeguards stopped a voter fraud scheme in its tracks, secretary of state says

Why did Ballymena become the latest site of anti-immigration riots?

Death row killer's chilling 3-minute statement as he's executed for two brutal murders

Reporting service for DWP and HMRC claimants if someone dies

Expert details Air India pilot's chillingly simple mistake which 'led to horror crash'

Girl, 15, mauled to death by pack of rescue dogs, including pit bulls, while feeding them

American compares Tesco to US supermarket and is 'mind blown' over key difference

NHS pays tribute to 'warm, smiling' doctor and family who perished in Air India crash

'Dave became too ill to speak. Losing his hair made him feel repellent. We both knew what was coming and I had to make a decision...' With extraordinary bravery, Hairy Bikers widow LILI MYERS reveals the story of his cancer battle for first time

'He's turning his back on Jeff': New twist in toxic Brazier sons feud revealed by KATIE HIND as insiders tell how Bobby has ALSO fallen out with his parenting guru dad - and become a Hare Krishna

Man charged over 'threat to behead' protester who set Koran alight outside Turkish consulate

ANDREW NEIL: Israel holds the cards. Trump has been squared. The mullahs in Tehran must now fear for their existence

The key to being happier, smarter and ageing better, by leading neuroscientist DR JOSEPH JEBELLI. An extraordinary scientfic breakthrough shows what part of modern life is destroying our brains - now his new book has the cure

How I watched the CCTV in horror from my bedroom as thieves TUNNELLED into my store and stole 55 handbags worth £260,000 in just three minutes

Has the curse of Meghan struck again? The smart set's latest whispers about her once closest confidante, revealed by RICHARD EDEN

How Ballymena boiled over: After horrifying riots sparked by two Romanians being accused of raping teen, RICHARD KAY meets the victims - and locals furious at 'endless stream of migrants' they had no say over

Woke LGBT publication sparks outrage after asking if Anne Frank 'was a lesbian or bisexual'

Cannabis changed me, claims 'sword killer who hacked boy aged 14 to death after hallucinating that his cat was causing "Armageddon"', court hears

Why did only one passenger survive doomed Air India crash? Expert explains theory of Brit's miraculous survival

Stilett-no! Fashionistas warned high heels above three-inches could be their downfall

Father's Day treats contain 'reckless' sugar levels, shoppers warned

Billionaire who was convicted of hiding his wife's body in a barricaded room for two months becomes a Sir

Petrol bombs and fireworks launched at police as Ballymena riots spread across Northern Ireland in fifth night of violence after 'alleged attempted rape of local girl, 16, by two Romanian teens'

Shocking moment floodwater gushes down streets as parts of Britain are hit by intense thunderstorms on hottest day of the year

Millions of patients to be treated by GPs instead of hospitals under radical reforms to cut NHS waiting list

Witness claims Prince William's billionaire pal said 'I've swallowed something' before he died after 'ingesting a bee' during polo match

Israel's blitz was years in the planning: Mossad agents smuggled drones into Iran desert, army chiefs and nuclear scientists were killed and Tehran's radar and missile bases eliminated in most devastating attack on Iranian soil for nearly half a century

'You disgusting n*****,' screamed the SAS officer as he tried to break me in a mock interrogation... but I'd heard it all before on the council estate where I grew up: MELVYN DOWNES tells brutal truth about being Britain's first black SAS soldier

Moment Tube driver is caught KNITTING and watching videos on his phone while driving commuters

Burns leads as Scheffler and McIlroy make US Open cut

King's Birthday Honours: How does the UK honours system work?

Missed Glasto? 11 festivals you can still get tickets for

The Papers: Original 'All-out war' and Luke Littler's MBE

In an Anxious Moment for the Nation, Historians Say This One Is Different

Trump’s Deployment of Troops to L.A. Protests Is a Do-Over of 2020

U.S. Steel and Nippon Steel Say Their ‘Partnership’ Is Sealed

Man ‘urinates on $10,000 worth of Spam and sausages forcing them to be tossed’

Alleged samurai swordsman cooked his cat before ‘killing 14-year-old schoolboy’

Former lawyer of missing Connecticut mom's husband pleads guilty to interfering with police

UK’s biggest-ever lottery jackpot rolls over again after no EuroMillions win

Bacteria in your mouth might reveal how depressed you are, scientists say

Parents say children are asking to miss school over ‘horror movie’ toilets

An Afghan man accused of planning an Election Day attack in the US pleads guilty

This common nut can lower your risk of heart disease, dementia and diabetes

Federal judge recuses himself days before sentencing Memphis officers accused in Tyre Nichols' death

City staffer arrested after ‘impersonating a council member online’ to compliment officials he’d argued with

Can Lionel Messi and Inter Miami really spring a surprise at the Club World Cup?