Theresa May has been urged to be like Donald and raise revenue by ...

Gavin Williamson has told Theresa May to cut taxes like Donald TrumpGavin Williamson has told Theresa May to cut taxes like Donald (Image: PA/GETTY)

Gavin Williamson told the Cabinet on Tuesday that Tories should “give people more power over their own money” so the party can go back to their core values.

The Defence Secretary made the announcement during a discussion about public spending.

He argued that raising taxes is not the best way to increase spending.

Mr Williamson highlighted a decision by Lord Lawson, a former Tory Chancellor, to cut the top rate income tax from 60p to 40p in 1988.

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He said that within a decade the amount of tax paid by the top earners increased from 14 percent to 21 percent.

Mr also introduced huge cut to corporation tax in the US and the country has seen strong economic growth.

A Cabinet source told The Telegraph: "He was saying that if you cut taxes you can actually generate more revenue.

"It's a view that Conservatives often have, that lower taxes mean more money.

"It's a belief at our core that we

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