Only with prosperity can we have security

AS King Charles III leads the monarchy into a new era, Liz Truss is determined to do the same for British politics.

Having already unveiled a massive package to help families with soaring energy bills, she’s now focusing her attention on growing the economy.

The process will begin on Friday with a mini-Budget reversing the recent national insurance hike and scrapping planned corporation tax rises. There are reports she may go further by cutting income tax.

These measures will put more money in people’s pockets, create jobs, attract investment and fuel competitiveness.

In a speech at the United Nations today, Miss Truss will announce her arrival on the world stage by exhorting the international community to stand firm against authoritarian regimes such as Russia and China.

She will argue that prosperity and security go hand in hand. Democracy can prevail only if the West has economic strength, she will say.

It’s a bold and defiant start to her career as Prime Minister – and firmly rooted in traditional Conservative thinking.

Some will say that cutting taxes will fuel inflation and drive up interest rates. But we already have the highest burden since the 1950s. The stale Treasury orthodoxies of the past two decades have failed miserably to deliver substantial growth.

As Miss Truss will say: ‘We want people to keep more of the money they earn. We believe that freedom trumps instruction.’

It’s an unashamedly Tory solution – and one that should make us all better off.