Economics
UK Economy at Heart of Debate as Truss and Sunak Trade Blows
- Sunak warns of rate-rise misery as Truss warns of recession
- Former chancellor trails foreign secretary in Tory polling
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Liz Truss and Rishi Sunak tore strips out of each other’s plans for the UK economy in their first head-to-head debate of the campaign to replace Boris Johnson as prime minister.
Sunak, who quit as chancellor of the exchequer earlier this month, claimed Truss’s planned tax cuts would push up inflation and interest rates, add “thousands of pounds to mortgage bills and tip millions of people into misery.” Truss rebutted that Sunak would drive the economy into recession.