Truss vs Sunak: Next PM risks fuelling inflation and spooking financial markets

Winner to be announced on Monday

Valeria Martinez
clock • 4 min read

The UK’s next prime minister may risk exacerbating inflation and knocking down the confidence of financial markets, industry experts warn, as the UK faces one of the toughest economic climates in years.

Several polls of Conservative members have put Truss far ahead in the race with Sunak to replace Boris Johnson, with the winner set to be announced on Monday (5 September). Truss, currently foreign secretary and a former trade minister, has ideas that include reviewing the Bank of England's mandate, merging top regulators and scrapping many more EU-era laws to attract companies to London. Should Rishi Sunak be announced as leader, the industry is anticipating less overall structural change. IBOSS CIO Chris Metcalfe said that Sunak appears to be "more cautious in nature", focusing on m...

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