Rishi Sunak Warns Of The Risk Of Markets Losing Faith In The Uk Economy
In an interview with the Financial Times, Sunak said his leadership rival Liz Truss had made unfunded spending commitments that he feared could raise inflation and interest rates and raise the UK’s borrowing costs. The former chancellor said he “struggled to see” how Truss’ promises of sweeping tax cuts and help for families struggling with rising energy costs “add up”. Truss is widely expected to be named the UK’s next prime minister on Monday, but Mr Sunack refused to concede defeat in the contest, claiming many Tory campaigners had waited until the last minute to vote....