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Face of the Day

,   and  Good Oil Staff
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National Party leader Christopher Luxon has defended National’s tax-cut policy while fighting back claims the plan could be a financial disaster.

It comes after UK Prime Minister Liz Truss was forced to U-turn scrapping the top rate of tax after the announcement caused turmoil on the financial markets and caused the pound to go into freefall.

Truss ditched her $2 billion tax cut for the wealthiest Brits – those earning more than £150k.

Luxon told AM on Wednesday […]  New Zealanders need cash-in-hand now more than ever to deal with the cost of living crisis.

“In the UK, you’ve got a very different situation, you’ve had massive wholesale tax changes proposed and at the same time you’ve got massive amounts of stimulus caused largely by energy prices over there,” Luxon explained

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