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Liz Truss is facing mounting pressure from Tory MPs to rewrite last month’s mini-budget of £43bn in tax cuts. Reporting on her Tuesday meeting with the backbench 1922 committee, the Financial Times quotes one MP describing the mood as “horrendous” and they were “shocked at how brutal it was”. At the meeting, the prime minister admitted the mini-budget has been rushed and the “ground could have been prepared better”.

Financial Times Front Page 16th of December 2024

A significant wave of stock defections has hit the London Stock Exchange, marked by companies moving their listings to the US, driven by the allure of larger capital markets and amid concerns over market reforms in the UK, leaving the LSE on track for its worst year since 2009.

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