Ms Truss, who scrapped her plan to cut taxes for the wealthiest Brits when she was at No 10, will say ‘low taxes, limited government and private enterprise are what won the war cold”
Brazen Liz Truss will lecture the world on cutting taxes – after her own unfunded tax cut bonanza caused the UK economy to collapse.
The country’s shortest prime minister will deliver a speech in Washington DC in one of her first major interventions on the world stage since being ousted from power.
Ms Truss, who in power scuttled her plan to cut taxes for the wealthiest Britons, will argue that ‘low taxes, limited government and private enterprise are what won the Cold War’.
“I fear we now see this pattern strangled into stagnation,” she will warn.
She will also criticize the OECD Minimum Tax Agreement – an agreement reached in 2021 for countries to target a corporate tax rate of at least 15%.
Speaking to the Heritage Foundation think tank, leading conservatives said, “Not satisfied with high taxes in their own countries, we now see governments seeking to accept high taxes in the free world.
“This is nothing less than a global cartel of convenience. This high tax deal – which is essentially a high spending, low growth deal – will undermine freedom.
“It will be more difficult for us to compete with our adversaries in authoritarian regimes.”
Ms Truss was forced out of Downing Street just 49 days after announcing a wave of tax cuts, complete with freebies for the super rich.
The carnage sent the pound plummeting and mortgage rates skyrocketing, with the ex-prime minister forced to sack her then-chancellor Kwasi Kwarteng.
During her short stint at No 10 she was also forced to drop proposals to cut a planned corporate tax rise from 19% to 25% after her mini-budget failed .
In her speech on Wednesday, Ms Truss will also launch a fresh attack on French President Emmanuel Macron by criticizing his visit to Beijing.
“Western leaders who visit President Xi to ask for his support to end the war are a mistake. And that’s a sign of weakness,” she said.
The ex-prime minister will add: “Instead, our energies should be devoted to taking more measures to support Taiwan. We must ensure that Taiwan is able to defend itself. We must exert economic pressure on China before let it not be too late”.
During the Tory leadership election, Ms Truss sparked outrage after saying ‘the jury is out’ on whether Mr Macron was friend or foe.