- Conservative Party conference 2022: Liz Truss is 'betting too much on tax cuts', says Michael Gove - watch Chopper's Politics live The Telegraph
- Liz Truss admits 'mistakes' over mini budget but stands by tax cutting package Daily Record
- ‘Disconnected from reality’: Tory MPs plan rebellion over Liz Truss’s economic agenda The Guardian
- Truss's growth plan is nothing but a magic potion Financial Times
- This is how Birmingham will ‘welcome’ the Tories for their conference The Independent
- View Full coverage on Google News
Michael Gove has suggested Liz Truss and the Government are "betting too much on tax cuts" funded through borrowing as he called for the decision to scrap the 45p top rate of income tax to be reversed.
The former Cabinet minister said that "my concern is the scale of that borrowing" which is being used to pay for the tax cuts.
Speaking at a Chopper's Politics podcast event hosted by The Telegraph at Conservative Party conference in Birmingham, Mr Gove said that he was worried the Government was "betting too much on tax cuts when we are borrowing to pay for them" and "that is not Conservative in my view".
Mr Gove said abolishing the 45p additional rate was "wrong". When asked if the decision should be reversed, Mr Gove said: "Yes."
However, Jake Berry, the chairman of the Conservative Party, argued that scrapping the top rate of income tax is the "right thing to do" and Tories should now be "going out there making the argument for a low tax, high growth economy".
That's all for today
The first day of Liz Truss's first Conservative Party conference as Prime Minister was never going to run smoothly after the events of the past week.
But Michael Gove's kamikaze interview with Laura Kuenssberg was more brutal than many feared, as he refused to commit to voting for her mini-Budget and accused her policies of displaying the "wrong values".
Ms Truss nevertheless had reason to be cheerful, as she received multiple standing ovations during her opening address to grassroots activists.
It is clear, however, she faces an uphill battle to convince a sizeable minority within her party, as the number of Tory MPs to speak out against the abolition of the 45p income tax rate passed a dozen.
There is now a lot riding on Kwasi Kwarteng, the Chancellor, who is set to deliver Monday's keynote speech - with the eyes of the markets, his party and the country firmly on the main hall of the ICC in Birmingham.
Join us again tomorrow for all the latest from day two of Tory conference.
IDS: 'Social carnage' of lockdowns must never be repeated
Former Conservative Party leader Sir Iain Duncan Smith has said that the Covid lockdowns caused so much "social carnage" they must never be repeated, writes Camilla Tominey.
Speaking at an event for the Centre for Social Justice (CSJ) think tank, the MP for Chingford and Woodford Green said the collateral damage caused by shutting Britain down during coronavirus had been "staggering", adding: "It’s questionable how many lives actually that lockdown saved in the scale and the nature of it.
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