NewsBite

Liz Truss

Yesterday

The Department of Government Efficiency could go a long way to determining whether sovereign and institutional investors would rather lend to cash-rich US corporates than Uncle Sam.

Bond investors may bet on Silicon Valley over Uncle Sam

The US tech sector, which is sitting on a cash balance approaching $US1 trillion, is well-placed to reward – and protect – creditors and shareholders.

  • Todd Hoare

October

Liz Truss speaking to the AFR on Thursday

What Tony Abbott taught Liz Truss about handling illegal immigrants

Attempts by the previous British government to thwart people smuggling by deporting illegal immigrants to Rwanda was based on advice by Tony Abbott

  • Phillip Coorey
Boris Johnson in full battle cry during the 2024 election.

‘Do you miss me yet?’ Britain’s zany ex-PMs back on centre stage

Boris Johnson and Liz Truss return to the limelight, as Prime Minister Keir Starmer’s travails leave Tories daring to dream of a swift resurrection.

  • Hans van Leeuwen

July

Ever since Donald Trump imposed sweeping tariffs on imports from China, we have been witnessing a broad-based return of protectionism.

Why Trump and other trends all point to higher inflation

Societal forces from politics to geopolitics to de-globalisation to ageing and climate change are creating conditions that push towards higher inflation.

  • Raghuram Rajan
David Rowe’s comment on Britain’s general election result.

Keir Starmer can drive Britain to reform-led growth

Britain’s new PM must lock in growth quickly if he is to secure Labour’s huge win. With a planning system from hell and a 17,000-page tax code, there is plenty of scope for reform.

  • The AFR View
Advertisement
The Conservative government has sowed the seeds of its own downfall.

Why angry Britain will this week finally dump the Tories

Five PMs, five elections and a three-ring circus: over 14 years, the Conservative government sowed the seeds of its own downfall – and leaves a mixed legacy.

  • Hans van Leeuwen
The Labour Party and its leader, Keir Starmer, have gone further than the Conservatives in detailing structural reforms.

UK needs ‘moonshot’ growth agenda

After so many years of insufficient investment and sagging productivity, there is no singular, silver-bullet reform to achieve buoyant, durable, sustainable and inclusive economic growth.

  • Mohamed El-Erian

June

Protesters demonstrate against the far-right and racism in central Paris.

Unstable France could trigger the next euro crisis

Runaway budget deficits and a confrontation with Brussels and Berlin are a formula for trouble.

  • Gideon Rachman

UK inflation back to 2 per cent target for first time since 2021

While the fall in headline inflation in May will be welcomed by both Prime Minister Rishi Sunak and the BoE, it is likely to have come too late.

  • David Milliken and Suban Abdulla
Reserve Bank of Australia deputy governor Andrew Hauser at his Sydney office on Friday.

The heated phone calls that landed Andrew Hauser at the RBA

The new RBA deputy can still hear the panicked voices of British financial market participants on the telephone in October 2022, hours after the then-prime minister Liz Truss released her fateful mini-budget.

  • John Kehoe

May

Ray Dalio says this year’s US presidential election is the most important of his lifetime.

Dalio warns of US debt pile, and he wants Taylor Swift for president

The billionaire founder of Bridgewater Associates is worried about investors being able to absorb new supply, and why he would vote for Taylor Swift as president.

  • Kate Duguid

March

Rishi Sunak on the campaign trail for local elections being held on May 2.

Britain’s Conservatives are on the road to the Apocalypse

The polls are now so bad for Prime Minister Rishi Sunak that people are starting to talk about an epochal wipeout, and a reshaping of the British right.

  • Hans van Leeuwen
Phillip Swagel: “It would behove policymakers to reduce deficits substantially in part because there are big demographic challenges coming down the pike.”

US faces Liz Truss-style market shock as debt soars, warns watchdog

The Congressional Budget Office chief says the US fiscal burden was on an “unprecedented” trajectory, risking a crisis of the kind that sparked a run on the pound in 2022.

  • Claire Jones
Trying to save the Tories. Jeremy Hunt with PM Rishi Sunak.

Bond investors braced for inflationary UK budget

Investors are concerned Jeremy Hunt may use the budget to try to rescue the Tories’ political fortunes ahead of a general election expected later this year.

  • Aline Oyamada and Greg Ritchie

June 2023

Boris Johnson waves to media on his morning run in Brightwell-cum-Sotwell in England.

Boris Johnson barred from parliament in UK Partygate scandal

The former MP was stripped of his automatic right to enter parliament, an unprecedented ignominy for an ex-prime minister.

  • Alex Wickham and Kitty Donaldson
Advertisement

May 2023

Liz Truss delivers a speech on the second day of her five-day visit in Taipei.

Former UK PM Liz Truss warns West already in cold war with China

The former UK prime minister joins a growing list of politicians and officials from the West to visit and show support for Taiwan.

  • Updated
  • Huizhong Wu
The Bank of England lifted rates to 4.5 per cent last week.

Gilt sale will target pension funds with highest yield in 15 years

The 40-year conventional bond will pay 4 per cent, reflecting the jump in yields after more than a year of interest-rate hikes.

  • Alice Gledhill, James Hirai and Naomi Tajitsu

March 2023

Sitting pretty? Rishi Sunak is more popular than his party.

Can the AUKUS deal save Britain’s PM?

To Tory malcontents, Sunak is an illegitimate ruler who knifed Johnson and toppled Truss. They see a tax-raising, Brexit-undermining social liberal.

  • Hans van Leeuwen
UK treasurer Jeremy Hunt resisted calls for big tax cuts now to ease the heaviest tax burden on the economy since World War Two.

UK unveils $16b in business tax breaks to boost growth

British Chancellor of the Exchequer Jeremy Hunt delivered a defiantly upbeat budget, saying the outlook for the country had improved and inflation would fall.

  • Updated
  • David Milliken and Kylie MacLellan

January 2023

Nadhim Zahawi

Sunak sacks Tory party chairman over tax affairs

The prime minister had initially stood by Nadhim Zahawi before ordering an independent adviser to investigate questions over his tax affairs.

  • Alistair Smout

Original URL: https://www.afr.com/person/mary-elizabeth-truss-6fof