‘Complacent & irresponsible’ : Rishi Sunak's warning for Liz Truss in UK PM race
2 years, 3 months ago

‘Complacent & irresponsible’ : Rishi Sunak's warning for Liz Truss in UK PM race

Hindustan Times  

Rishi Sunak, the underdog in the UK Conservative leadership race, has warned that the next prime minister faces the risk of markets losing confidence in Britain’s economy. But in an interview with the Financial Times published Tuesday night, Sunak said he “struggled to see” how Truss’s tax and spending commitments “add up,” warning it would be “complacent and irresponsible” for the next prime minister “not to be thinking about the risks to the public finances.” Sunak, the former Chancellor of the Exchequer, told the paper he feared that unfunded spending commitments would lead to spiraling debt, rising inflation, interest rates and borrowing costs. Urging Truss to stick to fiscal rules that would see debt falling as a share of GDP within three years, Sunak said: “Ultimately, you have to decide whether you think sustainable rate of borrowing are important or not. Because of the structure of QE, we’re also particularly much more sensitive to an upward rate cycle than we have been.” Sunak also told the FT that the Bank of England did not need a new mandate, and defended his demand for “call in” powers for ministers over City regulators.

Liz Truss Sunak Rishi Sunak  race  liz  sunak  told  sunaks  think  spending  debt  rate  irresponsible  complacent  uk  truss  rishi  warning  tax

History of this topic

Britain’s Rishi Sunak struggles with missteps while trying to lift Conservatives ahead of elections
5 months, 4 weeks ago

Britain’s Rishi Sunak struggles with missteps while trying to lift Conservatives ahead of elections

Associated Press  

LONDON — British Prime Minister Rishi Sunak has portrayed himself as thorough and evidence-led throughout his relatively brief political career, but there’s always been a nagging question over the keenness of his political antenna. Sunak’s campaign has seen several missteps since he announced the July 4 election date in the pouring rain in late May, including his suspension of candidates …

Rishi Sunak’s tax bombshell has blown up in his face
6 months, 2 weeks ago

Rishi Sunak’s tax bombshell has blown up in his face

The Independent  

After last night’s TV debate, relieved Conservatives claimed Rishi Sunak had detonated another “Labour tax bombshell” with his repeated claim that the party’s £38.5bn of unfunded spending commitments would cost every working household £2,000. Sunak’s tax attack captured today’s front-page headlines and it might plant some seeds of doubt about Labour among the wavering Tory voters Starmer wants to win. …

Sunak and Starmer clash over tax and health in a debate as disruptor Farage roils the U.K. election
6 months, 2 weeks ago

Sunak and Starmer clash over tax and health in a debate as disruptor Farage roils the U.K. election

The Hindu  

British Prime Minister Rishi Sunak and opposition Labour Party leader Keir Starmer sparred on June 4 over tax, the cost of living and the country’s creaking health system in an inconclusive televised debate ahead of a July 4 election expected to make one of them the country's next leader. Mr. Starmer said the election was a choice between more “chaos …

Sunak and Starmer clash over tax and health in a debate as disruptor Farage roils the UK election
6 months, 3 weeks ago

Sunak and Starmer clash over tax and health in a debate as disruptor Farage roils the UK election

Associated Press  

LONDON — British Prime Minister Rishi Sunak and opposition Labour Party leader Keir Starmer sparred Tuesday over tax, the cost of living and the country’s creaking health system in an inconclusive televised debate ahead of a July 4 election expected to make one of them the country’s next leader. Sunak argued Labour would raise taxes because “it’s in their DNA.” …

Dramatic Tory party faithful's S.O.S to Rishi Sunak: Give us tax cuts NOW to avoid massive wipeout at the election
6 months, 3 weeks ago

Dramatic Tory party faithful's S.O.S to Rishi Sunak: Give us tax cuts NOW to avoid massive wipeout at the election

Daily Mail  

Rattled Tories have demanded Rishi Sunak cut taxes to 'save the party from oblivion' after the latest polling claimed they are heading for an unprecedented Election defeat. Rattled Tories have demanded Rishi Sunak cut taxes to 'save the party from oblivion' after the latest polling claimed they are heading for an unprecedented Election defeat Popular Conservatism, a Right-wing movement launched …

Scrap net zero targets to win election, Liz Truss urges Sunak
7 months ago

Scrap net zero targets to win election, Liz Truss urges Sunak

The Telegraph  

Liz Truss has urged Rishi Sunak to ditch all net zero targets to win the general election. ‘Tory party needs to change’ Reflecting on the current state of the Tories, Ms Truss said: “I do think the Conservative Party needs to change and be much clearer on what we need to do to dismantle the Leftist state, so we can …

UK Prime Minister Rishi Sunak is betting that calmer economic conditions will get him re-elected
7 months ago

UK Prime Minister Rishi Sunak is betting that calmer economic conditions will get him re-elected

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Sunak became prime minister in October 2022, when he replaced …

Lack of money for tax cuts persuades Rishi Sunak to call general election
7 months ago

Lack of money for tax cuts persuades Rishi Sunak to call general election

The Telegraph  

Mr Sunak’s announcement of an uplift in defence spending to 2.5 per cent of GDP further squeezed the amount of money left for an autumn budget, and there were fears that economic variables, such as inflation and growth, could go against the Government. Mr Sunak knew that an underwhelming pre-election budget would have done more damage than going to the …

The facts that prove Trussonomics was always doomed to fail
8 months, 1 week ago

The facts that prove Trussonomics was always doomed to fail

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Former prime minister Liz Truss sat alongside her former friend …

Embattled Rishi Sunak suggests recession is already over as he tries to rally Tories and see off leadership challenges in grilling by MPs ahead of Easter break
8 months, 4 weeks ago

Embattled Rishi Sunak suggests recession is already over as he tries to rally Tories and see off leadership challenges in grilling by MPs ahead of Easter break

Daily Mail  

Rishi Sunak insisted the recession already looks to be over today as he faced a pre-Easter grilling from MPs. The PM said evidence from this year indicated the economy had 'returned to growth' as he gave evidence to the Commons Liaison Committee. MPs have been openly discussing whether they should replace Mr Sunak amid dire polls showing the party far …

Sunak braced for double poll blow as recession puts his economic plans ‘in tatters’
10 months, 1 week ago

Sunak braced for double poll blow as recession puts his economic plans ‘in tatters’

The Independent  

Rishi Sunak faces setting a near 60-year record for by-election losses after official figures showed the UK economy has entered recession. Rishi Sunak faces breaking recent records for by-election losses However, in a second blow, Mr Hunt is understood to have been forced to scale back plans for more tax cuts in next month’s budget. The New Economics Foundation think …

Rishi Sunak embarks on record £206bn debt binge
11 months, 2 weeks ago

Rishi Sunak embarks on record £206bn debt binge

The Telegraph  

Britain is on track to borrow a record £206bn from private investors this year as Rishi Sunak embarks on a debt binge ahead of the general election. Economists at Nomura have forecast that the Government will be forced to rely heavily on financial markets to fund borrowing this year and next as the Bank of England reverses bond buying which …

Rishi Sunak tax cuts won’t ease burden, economists warn, as national insurance rate drops
11 months, 2 weeks ago

Rishi Sunak tax cuts won’t ease burden, economists warn, as national insurance rate drops

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. It came as Labour accused Mr Sunak of offering voters a “raw deal”, claiming the …

Britain’s Conservative government pushes tax cuts in hopes of bolstering electoral chances
1 year, 1 month ago

Britain’s Conservative government pushes tax cuts in hopes of bolstering electoral chances

Associated Press  

LONDON — Britain’s Conservative government sought to regain the political initiative Wednesday with a series of tax cuts for businesses and individuals that it hopes will bolster its chances in a national election next year that opinion polls suggest it will lose. Treasury chief Jeremy Hunt said the British economy “had turned a corner,” with inflation and government borrowing down, …

Rishi goes 'Thatcherite' to save the election: NICs cut, 8.5% state pension hike and 6.7% benefits rise expected in bumper Autumn Statement tomorrow… despite UK's debt mountain soaring to £2.6tn
1 year, 1 month ago

Rishi goes 'Thatcherite' to save the election: NICs cut, 8.5% state pension hike and 6.7% benefits rise expected in bumper Autumn Statement tomorrow… despite UK's debt mountain soaring to £2.6tn

Daily Mail  

Rishi Sunak is splashing out to save the election with the Autumn Statement tomorrow set to include tax cuts as well as hiking pensions and benefits. Rishi Sunak is splashing out to save the election with the Autumn Statement tomorrow set to include tax cuts as well as hiking pensions and benefits Borrowing in October was more than the £13.7billion …

Sunak vows to cut taxes but warns: ‘We can’t do everything at once’
1 year, 1 month ago

Sunak vows to cut taxes but warns: ‘We can’t do everything at once’

The Telegraph  

Rishi Sunak has vowed to cut tax and reward hard work in a speech on the economy ahead of the Autumn Statement. He said he would do so in a “serious, responsible” way and that “we can’t do everything all at once”, while emphasising the need for tax cuts to help boost economic growth and the “supply side” of the …

Boost for Rishi Sunak as he meets pledge to halve inflation
1 year, 1 month ago

Boost for Rishi Sunak as he meets pledge to halve inflation

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Rishi Sunak received a much-needed boost as inflation fell to 4.6 …

British leader Rishi Sunak marks a year in office with little to celebrate
1 year, 2 months ago

British leader Rishi Sunak marks a year in office with little to celebrate

Associated Press  

LONDON — U.K. Prime Minister Rishi Sunak marked a year in office on Wednesday with little to celebrate as wars on the international stage make a grim backdrop to his domestic challenges. “And there is still work to be done to help hardworking families across the country, but I’m proud of the steps we’ve made.” A little over a year …

Economic boost for Sunak - but fresh tax cuts calls erupt
1 year, 2 months ago

Economic boost for Sunak - but fresh tax cuts calls erupt

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Treasury minister Andrew Griffith said they were "not for the moment" when asked about the …

Liz Truss hits out at economists and civil servants as she defends mini-budget
1 year, 3 months ago

Liz Truss hits out at economists and civil servants as she defends mini-budget

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Certainly as a politician, trying to deliver what I …

Labour accuses Sunak of ignoring pandemic-era debt warnings
1 year, 4 months ago

Labour accuses Sunak of ignoring pandemic-era debt warnings

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Labour has seized on Thursday’s announcement, which most economists …

The fall in inflation is a boost for Sunak – but it leaves him no wriggle room
1 year, 5 months ago

The fall in inflation is a boost for Sunak – but it leaves him no wriggle room

The Independent  

Today’s bigger than expected fall in inflation is welcome news, but Rishi Sunak cannot celebrate – for there is a growing recognition among ministers that inflation has blown a hole in his general election strategy. Core inflation, which excludes items such as food and fuel, dropped from 7.1 per cent to 6.9 per cent, though it is still sticky, and …

Rishi Sunak warned homeowners face ‘serious shock’ as Bank of England poised to raise interest rates
1 year, 6 months ago

Rishi Sunak warned homeowners face ‘serious shock’ as Bank of England poised to raise interest rates

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Rishi Sunak has been warned homeowners face a “serious shock” as …

This has been Rishi Sunak’s worst month as prime minister
1 year, 6 months ago

This has been Rishi Sunak’s worst month as prime minister

The Independent  

Today's worse than expected inflation figures are grim for the government. One former minister told me: “It’s all very well being a Treasury man, but he needs to show some flexibility on mortgages.” Tory backbenchers are worried that Sunak’s economic pledges on inflation, debt and growth are proving much more challenging than when he made them in January. What Sunak …

UK households paid £1.05bn in higher mortgage payments since mini-budget last year, Labour claims
1 year, 7 months ago

UK households paid £1.05bn in higher mortgage payments since mini-budget last year, Labour claims

The Independent  

Labour has accused Rishi Sunak of being “personally responsible” for what it branded a £1.05bn “Tory mortgage penalty” ahead of another predicted rise in interest rates. Shadow chancellor Rachel Reeves has told the Prime Minister to “take his fingers out of his ears” as the financial burden on homeowners continues to leave “so many worse off”. Households have paid £1.05bn …

Rishi Sunak plotting autumn 2024 election ‘after income tax cut’
1 year, 8 months ago

Rishi Sunak plotting autumn 2024 election ‘after income tax cut’

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. A senior government source told the newspaper: “It’s all about …

Britain’s economy improving may not keep Sunak in power
1 year, 9 months ago

Britain’s economy improving may not keep Sunak in power

Live Mint  

Chancellor of the exchequer Jeremy Hunt had some good news to deliver Wednesday. On this front, the Tories seem to be up against what Kyla Scanlon dubbed a “vibecession”—when the economy isn’t doing so badly, but people feel glum about their prospects. The problem Hunt and Sunak have is that the numbers might be saying “we’re getting better,” but ordinary …

Tory tax cuts pressure group ‘has enough members to defeat Government’
1 year, 10 months ago

Tory tax cuts pressure group ‘has enough members to defeat Government’

The Telegraph  

A Tory pro-tax cuts pressure group led by allies of Liz Truss claims to have more than 50 MPs signed up, theoretically giving it the numbers to inflict defeats on the Government. The Conservative Growth Group even has some “shadow members” who are ministers helping to lobby from inside the Government, according to sources in the group. Weekly meetings are …

Business chiefs clamour for action after Bank of England governor gives upbeat verdict on economy
1 year, 11 months ago

Business chiefs clamour for action after Bank of England governor gives upbeat verdict on economy

Daily Mail  

Rishi Sunak faced fresh pressure to cut taxes last night after the Bank of England said Britain had ‘turned a corner’ on inflation. The Prime Minister risked a backlash yesterday by suggesting only ‘idiots’ would not understand why he was refusing to cut taxes when inflation remained high and the public finances were still recovering from Covid spending. The Prime …

‘There is no vision’: Can Rishi Sunak turn the Tory ship around before the next election?
1 year, 11 months ago

‘There is no vision’: Can Rishi Sunak turn the Tory ship around before the next election?

The Independent  

Will 2023 be a year of relative calm before an inevitable storm blows the Conservatives away in 2024? Or will the next 12 months see Rishi Sunak chip away at Labour’s opinion poll lead, making the next general election a much closer contest than many expect? Sunak inherited a Tory identity crisis: since the 2016 EU referendum, the party has …

Is Rishi Sunak being held to ransom by Tory backbenchers?
2 years ago

Is Rishi Sunak being held to ransom by Tory backbenchers?

The Independent  

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. At least the latest U-turn – …

Tory mayor calls for tax rises over spending cuts in Rishi Sunak’s autumn budget
2 years, 1 month ago

Tory mayor calls for tax rises over spending cuts in Rishi Sunak’s autumn budget

The Independent  

The Conservative mayor of the West Midlands has issued a plea to Rishi Sunak and Jeremy Hunt to raise taxes rather than cut public services in their crucial autumn statement next month. He also called on the prime minister and chancellor to defend funding for long-term capital projects like the HS2 rail link, broadband connectivity and skills training, telling BBC …

Which policies will Rishi Sunak retain and which ones might he bin?
2 years, 1 month ago

Which policies will Rishi Sunak retain and which ones might he bin?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Mr Sunak, who entered Downing Street on Tuesday after …

Sunak makes Parliament debut as PM, axes more Truss policies
2 years, 1 month ago

Sunak makes Parliament debut as PM, axes more Truss policies

Associated Press  

LONDON — Rishi Sunak faced the opposition in Parliament for the first time as Britain’s prime minister Wednesday, promising to restore economic stability after his predecessor’s tax plans triggered market tumult. Sunak, who took office Tuesday, has appointed a government that mixes allies with experienced ministers from the administrations of his two immediate predecessors, Truss and Boris Johnson as he …

UK PM Rishi Sunak faces lawmakers’ questions for the first time
2 years, 1 month ago

UK PM Rishi Sunak faces lawmakers’ questions for the first time

Al Jazeera  

The new Conservative leader aims to instill confidence that his government will offer economic stability after the market turmoil caused by his predecessor. UK Prime Minister Rishi Sunak has faced the opposition in the House of Commons for the first time since taking office, seeking to provide assurances that his new government will offer economic stability and continuity after his …

Tough challenges await new British PM Rishi Sunak
2 years, 1 month ago

Tough challenges await new British PM Rishi Sunak

Hindustan Times  

Rishi Sunak became Britain’s third prime minister in two months on Tuesday, tasked with tackling a mounting economic crisis, a warring political party and a deeply divided country in one of the greatest challenges to confront any new leader. Sunak, Britain’s youngest prime minister for more than 200 years and its first leader of colour, replaced Liz Truss who resigned …

Highlights: John Glen appointed chief secretary to UK Treasury
2 years, 2 months ago

Highlights: John Glen appointed chief secretary to UK Treasury

Hindustan Times  

British leader of Indian-origin Rishi Sunak won the Conservative Party leadership race to become the next United Kingdom's prime minister following incumbent premier Liz Truss's resignation on Thursday. Britain's King Charles III on Tuesday appointed Sunak and formally anointed him as the country's new Prime Minister. Sunak became the first PM of colour in Britain and won the support of …

New PM Rishi Sunak pledges to lead UK out of economic crisis
2 years, 2 months ago

New PM Rishi Sunak pledges to lead UK out of economic crisis

Al Jazeera  

The new leader promises to unite the country as well as place economic stability and confidence at the heart of his agenda. Rishi Sunak has become the United Kingdom’s third prime minister in two months and pledged to lead the country out of an economic crisis and rebuild trust in politics. Johnson’s withdrawal Sunak became the ruling Conservative Party’s new …

‘Look Forward to Working Closely Together…’, PM Modi Congratulates New UK PM Rishi Sunak
2 years, 2 months ago

‘Look Forward to Working Closely Together…’, PM Modi Congratulates New UK PM Rishi Sunak

News 18  

Reactions pour in as former UK Treasury Chief Rishi Sunak gears up to take on the reigns of the UK as its Prime Minister. Joining the bandwagon is also Prime Minister Narendra Modi, who congratulated Sunak and expressed his wish to work closely together on global issues, and in implementing Roadmap 2030. Special Diwali wishes to the ‘living bridge’ of …

Rishi Sunak or Penny Mordaunt? Who has the support of outgoing UK PM Liz Truss
2 years, 2 months ago

Rishi Sunak or Penny Mordaunt? Who has the support of outgoing UK PM Liz Truss

Hindustan Times  

As the race for the UK prime minister is inching to a close with suspense over who will become the next premier, former chancellor Rishi Sunak or ex-cabinet minister Penny Mordaunt, the question of who is getting the backing of Liz T Liz Truss: Liz Truss, UK prime minister is seen. Liz Truss will support whoever wins, Downing Street indicated. …

Watch: 'Will you be PM', Rishi Sunak asked in 1st appearance since joining race
2 years, 2 months ago

Watch: 'Will you be PM', Rishi Sunak asked in 1st appearance since joining race

Hindustan Times  

As former chancellor Rishi Sunak- who announced his candidacy for the position of UK's next prime minister following Liz Truss' resignation- stepped out of his London campaign headquarters, he was met by the press. Rishi Sunak: Britain's former Chancellor of the Exchequer, Conservative MP, Rishi Sunak. A smiling Rishi Sunak ignored questions, disappearing into his chauffeured car. Watch video here: …

DC Edit | Rishi or Boris? UK’s next PM to need eco wisdom
2 years, 2 months ago

DC Edit | Rishi or Boris? UK’s next PM to need eco wisdom

Deccan Chronicle  

The clock was ticking on Liz Truss the moment she became Britain’s Prime Minister by displacing Boris Johnson at 10 Downing Street. In a rush to stave off economic doom so soon after their beloved Queen Elizabeth II had been buried in Windsor Castle, Ms Truss and her chancellor, Kwasi Kwarteng, put together an outlandish tax-cutting package that was variously …

Liz Truss faces clamor to quit amid UK government chaos
2 years, 2 months ago

Liz Truss faces clamor to quit amid UK government chaos

Deccan Chronicle  

LONDON: UK Prime Minister Liz Truss was hanging on to power by a thread on Thursday, after a senior minister quit her government with a barrage of criticism and a vote in the House of Commons descended into chaos and acrimony. A botched economic plan unveiled by the government last month triggered financial turmoil and a political crisis that has …

Rishi Sunak would beat Liz Truss if U.K. PM poll held now, survey finds
2 years, 2 months ago

Rishi Sunak would beat Liz Truss if U.K. PM poll held now, survey finds

The Hindu  

Former Indian-origin chancellor Rishi Sunak would beat his rival Liz Truss if the Conservative Party leadership election is held now as a result of what is dubbed as "buyer's remorse" among the voting Tory members, according to a new poll on Tuesday. A YouGov poll of Tory members found 55% would now vote for 42-year-old Mr. Sunak if they were …

Will Liz Truss Last As UK Prime Minister To The End Of The Week? Here Is How Things Stand
2 years, 2 months ago

Will Liz Truss Last As UK Prime Minister To The End Of The Week? Here Is How Things Stand

ABP News  

"This is now looking like a political drama from South America but minus the military uniforms and red berets," said a political commentator. By the end of this week, Britain will, in all probability, have its fourth conservative Prime Minister in as many years as the current tenant of 10 Downing Street -- Liz Truss -- aims to claim the …

UK’s New Finance Minister Reverses All Of Liz Truss’ Tax Cuts
2 years, 2 months ago

UK’s New Finance Minister Reverses All Of Liz Truss’ Tax Cuts

ABP News  

Britain’s new Chancellor of the Exchequer, Jeremy Hunt, on Monday reversed entirely all of British Prime Minister Liz Truss’ tax cuts and scaled back the expensive energy bills support in an emergency fiscal statement. After meetings with Prime Minister Liz Truss at her Chequers country retreat and the Governor of the Bank of England, Andrew Bailey, on Sunday, the new …

Tory members would vote for Rishi Sunak over Liz Truss if leadership election was held today
2 years, 2 months ago

Tory members would vote for Rishi Sunak over Liz Truss if leadership election was held today

The Telegraph  

Members were asked “if there was another Conservative leadership election now, and the options were Rishi Sunak and Liz Truss, how would you vote?” The result was 43 per cent picked Mr Sunak, the former chancellor, 28 per cent picked Ms Truss and the rest either would not say, could not choose or would not vote. That is a stark …

I’ve seen a WhatsApp message setting out the future Tory leadership – and it’s brutal
2 years, 2 months ago

I’ve seen a WhatsApp message setting out the future Tory leadership – and it’s brutal

The Telegraph  

Liz Truss is no longer leading. Jeremy Hunt’s statement at 11am on Monday was part of a carefully coordinated effort to reassure the markets that there would be no more policy surprises to spook bond traders. It was barely half the length of Ms Truss’s ill-fated press conference to defend the sacking of Kwasi Kwarteng, her Chancellor, on Friday – …

Fuel to the fire: On the Liz Truss government’s missteps
2 years, 2 months ago

Fuel to the fire: On the Liz Truss government’s missteps

The Hindu  

The United Kingdom is fast becoming a cautionary tale for how bad politics can lead to even worse economics. Prime Minister Liz Truss was once seen as a new hope for breathing life back into the sinking fortunes of the U.K. Conservative Party after its previous leader, Boris Johnson, squandered the goodwill of success with the COVID-19 vaccine programme and …

Rishi Sunak's ‘I told you so’ moment prompts plot to replace Liz Truss: Report
2 years, 2 months ago

Rishi Sunak's ‘I told you so’ moment prompts plot to replace Liz Truss: Report

Hindustan Times  

This is how it began. Liz Truss became UK's prime minister after defeating Rishi Sunak and Kwasi Kwarteng became her finance minister. Rishi Sunak-Liz Truss: Liz Truss, left, and Rishi Sunak arrive for the announcement of the result of the Conservative Party leadership contest. Even though Indian-origin Rishi Sunak is not bragging despite earning the rights to, Tory party MPs …

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