Labour leader attacks new PM’s refusal to back windfall tax as Truss accuses him of advocating ‘same old tax and spend’

Keir Starmer has accused Liz Truss of relying on “the Tory fantasy of trickle-down economics” as he used her first outing at prime minister’s questions to set out clear policy dividing lines on a windfall tax on energy firms and cuts to corporation tax.

Truss, who was cheered into a packed chamber by Conservative MPs, responded by repeatedly stressing her focus on low taxes, and accusing the Labour leader of advocating “the same old tax and spend” instead.

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