LONDON, Aug 5 — Liz Truss, the front-runner to be Britain's next prime minister, said today that she would reform the economy and keep taxes low as she acknowledged a"tough winter" awaited the country.
"The most important thing is getting the economy going so we avoid a recession. And the business-as-usual policies aren't working. We need to do more and that's why I'm determined to reform the economy and keep taxes low," Truss told reporters. Foreign Minister Truss is up against former finance minister Rishi Sunak to win the votes of 200,000 members of the Conservative Party who will by Sept. 5 choose a replacement for Boris Johnson, forced to resign after a series of scandals.
Truss was speaking as she tried to woo city executives at a meeting in London's financial district by promising to reform banking legislation inherited from the European Union. "I'm here in the city today talking about how we can change our rules on investment, Solvency II, which is an old EU rule - replace that - so we can turbocharge investment across the country," she said. — Reuters
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UK PM hopeful Truss gains further heavyweight backingLONDON, Aug 4 ― Former Conservative health minister Sajid Javid announced yesterday his support for Liz Truss as the UK&039;s next Conservative prime minister, adding to the...
Source: malaymail - 🏆 1. / 86 Read more »
UK PM hopeful Truss poll favourite despite sparking anger in ScotlandLONDON, Aug 5 — Polls Tuesday showed Conservative Liz Truss ahead in the race to become Britain’s next prime minister, even as she came under fierce fire in Scotland and was...
Source: malaymail - 🏆 1. / 86 Read more »
UK’s Liz Truss will probe extent of Bank of England independence, supporter saysLONDON, Aug 4 — The review of the Bank of England promised by British leadership frontrunner Liz Truss will ask questions over its independent decision-making on interest rates,...
Source: malaymail - 🏆 1. / 86 Read more »
UK PM hopeful Truss gains further heavyweight backingLONDON, Aug 4 ― Former Conservative health minister Sajid Javid announced yesterday his support for Liz Truss as the UK&039;s next Conservative prime minister, adding to the...
Source: malaymail - 🏆 1. / 86 Read more »
UK PM hopeful Truss poll favourite despite sparking anger in ScotlandLONDON, Aug 5 — Polls Tuesday showed Conservative Liz Truss ahead in the race to become Britain’s next prime minister, even as she came under fierce fire in Scotland and was...
Source: malaymail - 🏆 1. / 86 Read more »
UK’s Liz Truss will probe extent of Bank of England independence, supporter saysLONDON, Aug 4 — The review of the Bank of England promised by British leadership frontrunner Liz Truss will ask questions over its independent decision-making on interest rates,...
Source: malaymail - 🏆 1. / 86 Read more »