Hints and tips:
...Treasuries risk a brutal sell-off if an election victory for Donald Trump in November is accompanied by spending jitters similar to those that sparked the 2022 gilts crisis that ended the UK premiership of Liz Truss...
...The policy has had a rocky start, however, after the original premise announced by former prime minister Liz Truss was ripped up following her departure from office in October....
...fewer homes than intended in 2022-23, as they blamed overly rigid central funding arrangements for exacerbating a delivery slowdown prompted by the pandemic, high interest rates and the fallout from Liz Truss...
...should be wary of provoking a backlash in financial markets by increasing borrowing too quickly, according to the outgoing head of the UK’s Debt Management Office, citing the “divorced from reality” Liz Truss...
...In the summer of 2022, while vying with Liz Truss to succeed Boris Johnson, Sunak claimed he could cut the basic rate of income tax from 20p to 16p by 2029 if he won the next general election....
...Jennifer WilliamsYeah, exactly. They’re not even calling it that anymore....
...Both Sunak and his predecessor Liz Truss had “deprioritised” levelling up and “the agenda has stalled,” the report warned....
...Additional reporting by Jennifer Hughes in Boca Raton, Florida...
...Since we’d last spoken, Truss had already departed Downing Street, and been replaced by Rishi Sunak....
...The announcement represents a significant scaling back of the original proposals unveiled by Truss in the autumn, however, which could have created hundreds of such zones....
...Only a handful of “investment zones” based mostly around UK universities will get approval in next week’s Budget in a much more restrictive approach than that envisaged by former prime minister Liz Truss...
...Liz Truss’s plans for low-tax investment zones to boost UK economic growth are due to be axed by chancellor Jeremy Hunt in next week’s Autumn Statement....
...It’s worth remembering the quality of journalism that exists in BBC local radio, as Liz Truss discovered when she encountered it in September....
...The announcement will mark a striking scaling down of the earlier version of the plans under former prime minister Liz Truss, who wanted as many as 200 of the new sites at an estimated cost of up to £12bn...
...However, Kwarteng is now wrestling with how to make the sums add up, having already announced plans to implement £45bn of unfunded tax cuts demanded by Truss....
...by the previous [Truss] government.”...
...Houchen, who supported Rishi Sunak in the race, said Truss would be a “champion for our amazing country”....
...Truss did not address whether she would consider reversing that decision....
...Asked if she was prepared to be unpopular, Truss said: “Yes, I am.”...
...Jennifer WilliamsWell, I don’t know. Don’t let me put a number on these things (Jennifer and George laugh). George ParkerGo on....
...Truss has previously railed against Treasury “orthodoxy”....
...jennifer.williams@ft.com...
...One Truss campaign insider said the Tory leadership frontrunner remained “committed” to the rough-sleeping manifesto pledge, adding that Truss “would look at the best way to achieve this as and when she...
...The Truss campaign did not immediately respond to a request for comment....
...Truss backs down on 45p tax rate cut in humiliating U-turn UK prime minister Liz Truss executed a humiliating U-turn by scrapping plans to axe the 45p top rate of tax, after facing a growing revolt from...
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