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Liz Truss

  • Sunak in China row over Confucius Institute U-turn

    Beijing

    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

    uk economy

    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

    Beijing row?

    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.

  • 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 [...]

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