Bloomberg Tax
July 18, 2022, 9:54 AM

Truss’s Economic Policy Is ‘Greatest Risk’ to UK, Citigroup Says

David Goodman
David Goodman
Bloomberg News

Conservative Party leadership contender Liz Truss’ policies pose the biggest threat to the stability of the UK economy of the five remaining candidates to succeed Boris Johnson, according to Citigroup Inc.

The foreign secretary, who’s vying to be the next UK prime minister and Tory Party leader, has pledged to cut personal and corporate taxes if elected, as part of her pitch to disrupt the “business as usual economic strategy.” In recent days, she has also ramped up criticism of the Bank of England, even hinting at changing the mandate of Andrew Bailey and his colleagues.

“Truss’s policy platform ...