Liz Truss criticizes Labour's Budget as a disaster and defends her economic record

Liz Truss has criticized Labour's recent Budget, calling it a "disaster" and claiming it will lead to record high taxes. She dismissed accusations that her previous mini-Budget caused current financial issues, attributing problems to broader economic policies. Truss stated that the new Budget will increase National Insurance contributions, potentially harming wages and job growth. She argued that Labour's approach contradicts their promises to support working people and will hinder economic growth. The former prime minister emphasized that the current government's policies reflect a shift towards higher taxes and regulation, which she believes will worsen the economic situation. She described the Budget as fundamentally socialist, focusing on government spending rather than free market solutions.