‘We are reaching nosebleed territory’: Griffith demands Healey cut taxes and get a grip on the economy with warning that ‘markets can smell weakness’

Andrew Griffith today demanded Labour cut taxes at the next Budget with a warning that the burden on the country is ‘reaching nosebleed territory’.

The new Conservative shadow chancellor lashed out at ‘out of his depth’ Chancellor John Healey after reports that Mr Healey was unprepared for the poor state of the UK finances before he was installed in No11 by Andy Burnham.

In a speech at a London college, Mr Griffith said ‘markets can smell weakness’ as he laid out new policies designed to help small businesses. 

He said that if it wins power the Tories will replace the IR35 rules around tax for

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