Truss is borrowing £45B to pay for tax cuts this year. But like you ask any addict: "What are you going to do next year?" The trickle-down maths looks "optimis

Truss is borrowing £45B to pay for tax cuts this year. But like you ask any addict: "What are you going to do next year?" The trickle-down maths looks "optimistic". Cutting £45B means that the economy needs to grow by £112.5B for the top rate 40% tax rate take to come out even. That is GDP growth of 4.5%. I.e. far in excess of what the economy has been capable of ever since 1997. Talking of further tax cuts just pushes the assumed GDP growth further into fantasy land.