Does a package of debt-financed tax cuts seems at odd with the Bank of England's rate hikes, or appropriate for a country falling into a ression? Explain.

Liz Truss, who just took office a few weeks ago, is proposing a 45 billion package of unfunded (i.e., debt-financed) tax cuts, the largest package of tax cuts proposed in roughly half a century. The new government had also recently unveiled an expensive new program to cap energy prices for households and businesses, which is expected to cost over 100 billion over the next two years. A day before the budget announcement, the Bank of England hiked its primary policy rates from 1.75% to 2.25%, a slightly smaller increase than expected, and announced that the country had likely entered a recession in 2022Q3. Headline inflation is running hot at 9.9% annually in the U.K., nearly five times the central banks 2% target; while the oil price shock from Russias invasion of Ukraine has greatly contributed to this acceleration in inflation (hence the scheme to shield households from higher energy prices), core inflation is also running at an uncomfortably high 6.3% year-over-year. Further roiling markets, Truss has recently expressed interest in reviewing the Bank of Englands mandate, a move that might curtail the independence of the central bank