Javid: Truss ‘ignored’ Treasury warnings on balancing books – and Britain ‘paid consequences’ July 3, 2023 Liz Truss “ignored” warnings from the Treasury orthodoxy meaning the country “paid the consequences” for her disastrous mini-budget, Sajid Javid has said. The former chancellor said the focus in HMT on “balancing the books in the medium term” was a good thing, and without that the UK “would have constant financial crisis”. Speaking at an [...]
‘A massive mistake’: Liz Truss bemoans Boris Johnson’s removal after Brexit mandate June 16, 2023 Liz Truss has waded into the fallout over the partygate report which found her predecessor Boris Johnson lied to Parliament, branding his removal a “massive mistake”. The former prime minister, who stood down after a short and tumultuous premiership last autumn, told GB News that Johnson had a “huge mandate” in support of Brexit. Asked [...]
Sunak in China row over Confucius Institute U-turn May 18, 2023 Downing Street has refused to elaborate on Rishi Sunak’s decision not to ban controversial Confucius Institutes from operating in the UK. The Prime Minister previously pledged during his leadership bid to bar the 30 Beijing-linked organisations from running on UK soil. Confucius institutes are Chinese cultural and language outposts. But he has now walked back [...]
Jeremy Hunt: UK not ‘in a position’ to know if it can cut taxes before election May 17, 2023 The government is currently not “in a position to know whether we’re going to have any headroom at all” to cut taxes in the run up to the next election, Jeremy Hunt claimed today. Speaking at the British Chambers of Commerce’s (BCC) annual conference, the Chancellor said he and Prime Minister Rishi Sunak “have our [...]
Truss to Taiwan: Former PM to rile Beijing with visit to under-threat island May 9, 2023 Former prime minister Liz Truss is set to continue her comeback tour with a visit to Taiwan. She is expected to deliver a speech there next week amid fears over what the trip could mean for UK-China relations, after foreign secretary James Cleverly warned Britain should not “pull the shutters down” on the Asian superpower. [...]
Former prime ministers gather for King’s coronation May 6, 2023 Seven former prime ministers gathered to attend the coronation, including Liz Truss, whose brief tenure in No 10 included the late Queen’s death and the King’s accession. Ms Truss followed her predecessors Boris Johnson, Theresa May, David Cameron, Gordon Brown, Sir Tony Blair and Sir John Major into Westminster Abbey for the coronation. The UK [...]
Regulators demand LDI strategy ‘buffers’ to shore up funds following mini budget market meltdown April 24, 2023 Regulators are pressing managers of debt-fuelled liability driven investment (LDI) strategies to boost their access to quick cash and review the make up of their clients after the market was plunged into crisis by Liz Truss’s disastrous mini-budget last year.
Liz Truss to criticise high taxes and warn of authoritarian ‘threat’ April 11, 2023 Liz Truss is to renew her advocacy of low taxes in a speech questioning whether western nations are “match fit to take on China”. Britain’s shortest-serving prime minister will suggest the 1980s “Anglo-American” economic model of increased privatisation and limited government is being “strangled into stagnation” in the latest leg of her comeback to the [...]
Bank of England backs ‘substantial’ LDI cash buffer boost to prevent repeat of mini budget chaos March 29, 2023 Pension funds that borrow hundreds of billions of pounds to maximise returns for clients need to keep more money aside to withstand a repeat of the financial market aftershocks which followed Liz Truss’s mini-budget, the Bank of England has recommended. Liability driven investment (LDI) funds that are used by retirement funds to boost returns for [...]
Rishi Sunak urged to block Liz Truss’s reported resignation nominations March 25, 2023 Former prime minister Liz Truss reportedly nominating four close supporters for peerages has sparked outrage among opposition MPs.