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# Face of the Day
- URL: https://goodoil.news/face-of-the-day-649/
- Published: 2022-10-05T17:30:00.000Z
- Updated: 2022-10-05T05:12:28.000Z
- Author: Good Oil Staff
- Tags: Economy, NZ, NZ Politics, Politics, #wp, #wp-post, #Import 2024-07-16 22:48

> 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

[Read more here](https://www.newshub.co.nz/home/politics/2022/10/cost-of-living-crisis-christopher-luxon-defends-national-s-tax-cut-plan-after-uk-pm-liz-truss-forced-to-ditch-her-policy.html?ref=goodoil.news). Discuss it on *The BFD.*

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