The former prime minister urged Rishi Sunak to continue her tax-cutting strategy, which she left behind in her resignation speech.
Despite taking office with her head in the clouds at the height of the recession, Liz Truss has left the market economy in shambles in just 45 days.
Can the new prime minister, Rishi Sunak, bring his rich business mind to bear against the wind?
Who is Rishi Sunak?
The new prime minister, Rishi Sunak, has been on the Tories’ radar since Boris’s time in office.
As a British Asian in a medical family, from private schools to Oxford to Stanford to receive the highest quality education.
That is, until he married the daughter of an Indian billionaire, putting their estimated wealth at £730m – more than even the current King Charles III.
Aside from his wealth, Rishi Sunak rose from MP to prime minister in just seven years, becoming the fastest young prime minister in modern times.
Current national issues
Former Prime Minister Liz Truss has pulled out of 10 Downing Street with astonishing speed, leaving a number of urgent issues to be resolved.
On the one hand, the cost of government borrowing has been driven higher by market volatility.
Since the mini-budget, many foreign investors have turned away from beleaguered Britain.
On the other hand, the new prime minister will have to co-ordinate public coffers again to ensure investment in the NHS.
With the number of people waiting for hospital treatment at a record high, striking health care workers must be appeased and spending on the NHS increased.
What the PM Rushi Sunak means for your money？
UK economic markets are currently shaky. The sterling markets have been boosted by a mini-budget U-turn announced by the new Chancellor of the Exchequer.
If you’ve been shopping at the supermarket these days, you might be surprised by the wildly rising prices of vegetable oils and pasta. pregnancy.
Living cost prices, like mortgage rates, have never stopped rising.
Reducing the national debt may be more important than cutting taxes. According to the tax policy the new prime minister has previously advocated.
He promised to look into tax cuts to boost the economy, but in a conservative way. This may not see a larger tax cut anytime soon.
More tax details and fiscal plans may be announced in the interim fiscal statement, follow us for ongoing updates.
