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Authoritarian regimes have 'allies' in the 'anti-growth movement', ex-PM will tell right-wing think tank Former Prime Minister Liz Truss addresses the right-wing think tank Heritage Foundation in the United States Liz Truss will take on a "cartel of complacency" that is hurting economic growth, accusing Western governments of helping China, Russia and other authoritarian regimes by refusing to offer tax cuts.
The former Conservative prime minister will renew her push for a broad tax cut agenda in a speech to the right-wing Heritage Foundation think tank in the United States on Wednesday.
Britain's shortest prime minister, who lasted just six weeks at number 10, will urge the UK and US to better promote 'free markets' in the face of the threat of authoritarian regimes.
Ms Truss will use the group's annual Margaret Thatcher Lecture to argue that the 'Anglo-American' economic model of the 1980s, characterized by increased privatization and small government, is 'strangled'.
He is about to say: “The sad truth is that we have seen stagnation, redistribution and the culture of awakening take hold of businesses and the economy in the UK and the US… It is happening, translated into more taxes, more subsidies, more regulation."
The former prime minister is expected to hint that the program has helped authoritarian regimes in the final stages of their bid to return to political prominence.
Ms Truss will also take aim at the Organization for Economic Cooperation and Development (OECD) as she attacks the "cartel of complacency" that advocates higher taxes to reduce inflation.
"Not content with high taxes in their own countries, we now see governments looking to accept high taxes in the free world - I mean the OECD minimum tax deal, which will prevent countries from cutting things like corporate tax and becoming more competitive," he said. is expected to say
Ms Truss beat Rishi Sunak in the Tory leadership race last summer with a tax cut package before his disastrous financial plans ousted her from her own party, handing her rival the keys to No. 10.
Eager to restore her credibility, she must urge right-wing conservatives around the world to "fight for freedom" and "wake up to the threat of authoritarian regimes and their unwitting allies in the anti-growth movement."
Rishi Sunak and Liz Truss during the Conservative leadership campaign
Ms Truss is expected to say: "It was Anglo-American individualism that made the world prosperous... Low taxes, limited government and private enterprise won the cold war. I fear we are now seeing this pattern strangled by stagnation.
“And we have to ask ourselves: are we still in a position to take on China and embrace the whole concept of state capitalism?
In an attack on the so-called “wake-up” policy, he will add: “We have allowed our adversaries to own our institutions, saturate our campuses, and fill our airwaves.
"Not long ago the US and UK were absolute bastions of free enterprise, free markets and free speech... But what we've seen now is self-flagellation: going after the very things that made us big".
The speech will accuse Western leaders meeting Chinese President Xi Jinping of showing "weakness." It comes days after French President Emmanuel Macron and European Commission President Ursula von der Leyen met the Chinese leader at a European unity rally over the war in Ukraine.
“Putin and Xi have made it clear that they are allies against Western capitalism. That is why Western leaders visiting President Xi to ask for his support in ending the war is wrong. And that is a mistake. Sign of weakness”, should Truss. say.
Truss was expected to officially label China a "threat" in official parlance rather than a "systemic competitor" during his tenure, while Sunak described the nation as a "systemic challenge" rather than a threat.
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