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.
Tory rebellion grows as Liz Truss, Priti Patel and Iain Duncan Smith to REJECT Rishi Sunak’s Brexit deal March 22, 2023 Rishi Sunak is facing down a growing mutiny on his backbenches as Liz Truss, Priti Patel and Sir Iain Duncan Smith are all set to vote against his Brexit deal for Northern Ireland. The former prime minister, ex-home secretary and previous Tory leader have said they will not support Sunak’s agreement negiotiated with the EU [...]
Mini budget continues to wreak havoc on the UK housing market as annual sales dive 18 per cent March 21, 2023 UK property transactions fell four per cent in February as the fall out from last September’s mini budget continued to drive down the UK’s housing market. Sales of residential property fell 18 per cent during the year with just 76,920 transaction across the UK, as buyers were forced to deal with higher borrowing costs as [...]
‘Budget for growth’: Chancellor Jeremy Hunt rolls pitch for Spring statement March 14, 2023 Chancellor Jeremy Hunt has said his spring statement will be a “budget for growth” as he prepares to set out key measures to support firms and families with the cost of living crisis. Hunt will make his annual budget statement in the House of Commons on Wednesday. He is expected to focus on efforts to [...]
Truss warns Sunak over Northern Ireland Protocol deal amid ‘resignation-watch’ denials February 23, 2023 Liz Truss has reportedly warned Rishi Sunak her support for any potential Northern Ireland Protocol agreement depends on retaining changes made under her foreign office posting. Former PM Truss, whose disastrous ‘mini-budget’ sent financial markets into a tailspin last year, has become the second ex-Tory leader to speak out ahead of a much anticipated deal. [...]
Putin blames Ukraine and the West for starting war ahead of one year mark February 21, 2023 Vladimir Putin has blamed Ukraine and the West for starting the war in an address to the Russian parliament ahead of the one year anniversary of the conflict. The Russian president referred to the “war” in Ukraine for the first time during his State of the Nation speech, after previously only referring to it as [...]