Former prime minister Liz Truss has sent a ‘cease and desist’ letter to current Prime Minister Keir Starmer, demanding he stops claiming she crashed the UK economy.
In the letter, lawyers for Truss argued the Labour PM's statement was "false and defamatory", and suggested it was partly to blame for her losing her re-election as MP for South West Norfolk in July 2024. Truss declined to comment and the Prime Minister's office has been contacted for comment. 'Bad news' for Labour as surging gilt yields puts pressure on government's debt management Starmer's claims refer to the aftermath of Truss and former chancellor Kwasi Kwarteng's Mini Budget in September 2022, which sent financial markets spiralling after unveiling major tax cuts funded by bo...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
