Liz Truss backers step up attacks on Bank of England over inflation

Liz Truss’s supporters have stepped up their attack on the Bank of England’s handling of inflation, as the foreign secretary blamed the BoE and the Treasury for failing to avert the economic crisis facing Britain. Truss says she will change the mandate of the BoE to toughen its focus on inflation, while she claims that … Read more

Truss vows to take on Whitehall ‘establishment’ in leadership bid

Conservative leadership contender Liz Truss on Monday opened a new front in her fight with the Whitehall “establishment”, vowing to cut civil service pay and holidays and refusing to rule out breaking up the Treasury. The foreign secretary has presented herself as a radical insurgent in her fight to become Britain’s next prime minister, portraying … Read more

Sunak Admits He’s Trailing Truss in Race to Become UK Premier

Breadcrumb Trail Links PMN Business Rishi Sunak conceded he was the underdog in the race to be the next Conservative Party leader and UK prime minister, but vowed to fight for every vote. Author of the article: Bloomberg News Emily Ashton and Joe Mayes Publishing date: Jul 29, 2022  •  21 minutes ago  •  2 minute … Read more

Tory ministers warn attacks on Truss and Sunak will weaken party

Tory ministers on Monday warned that the increasing rivalry between Conservative leadership hopefuls Rishi Sunak and Liz Truss is damaging the party and will harm its chances at the next general election. The rhetoric between the two contenders to be the next UK prime minister has become more aggressive and personal in recent days as … Read more

Race for Number 10: the key Truss and Sunak backers in line for top UK jobs

Rishi Sunak and Liz Truss The Conservative leadership contest has another six weeks to run before the UK has its next prime minister, but Rishi Sunak and Liz Truss have already earmarked key allies for potential top roles in government. Both leadership campaigns insist no job offers have been made and that it is premature … Read more

Sunak, Truss Pledge to Crack Down on Illegal Immigration to UK

Breadcrumb Trail Links PMN Business (Bloomberg) — Author of the article: Bloomberg News Ksenia Galouchko Publishing date: Jul 24, 2022  •  14 minutes ago  •  3 minute read  •  Join the conversation Article content (Bloomberg) — Former Chancellor Rishi Sunak pledged to fix the UK’s “broken” asylum system and crack down on illegal boat crossings from … Read more

The Pound’s Woes Run Deep, Whether It’s Truss or Sunak in No. 10

Breadcrumb Trail Links PMN Business (Bloomberg) — Author of the article: Bloomberg News Libby Cherry and David Goodman Publishing date: Jul 24, 2022  •  35 minutes ago  •  4 minute read  •  Join the conversation bsdahkfr60[h8c8q9}sn(ezv_media_dl_1.png Bloomberg RSS Article content (Bloomberg) — Advertisement 2 This advertisement has not loaded yet, but your article continues below. Article … Read more