Liz Truss | Business Post

Rishi Sunak set to become UK prime minister after Mordaunt concedes

Penny Mordaunt fell short of 100 votes in Tory leadership contest

Up for debate: The best from the Business Post’s columnists

Insightful analysis of the main developments in business and politics from our team of writers, including Matt Cooper, Elaine Byrne and Dan O’Brien

Editor’s picks: Sit down with the best of our big reads

Our editors handpick the best writing in this week’s Business Post – including why the political tide might be turning towards Generation Rent

British Politics

Vincent Boland: This psychodrama is damaging everyone – we just want the old Britain back now

Only a general election can solve the national crisis that is destabilising the country and by extension Ireland and all of Europe

British Politics

Matt Cooper: Tories going down with the sinking ship that is Brexit

The best Ireland can hope for in a Britain untethered from reality is a quiet deal on access to the EU, but we might have to wait

Turbulent time for trade: what the upheaval in Britain means for Irish business

With a volatile pound and no sign of an end to the political turmoil, we examine the implications for our exports, imports and general commerce

Nadine O’Regan: When one high-profile woman fails, all women falter

Liz Truss’s swift fall from grace, well deserved though it may be, drags other women down in the same way that another woman’s success buoys us up

UK Conservatives race to fix Truss chaos as party faces electoral wipeout

Leadership contest aimed at ensuring winner has broad support as backers of Boris Johnson eye comeback

Liz Truss resigns as UK prime minister after Tory backlash

Truss now becomes the shortest-serving prime minister in British history having held the office for just 44 days

Pound and UK bonds rally after Jeremy Hunt scraps Truss tax cuts in bid to salvage credibility

Hunt’s decisions reverse almost all of the £45 billion in tax cuts and giveaways announced by Prime Minister Liz Truss in September

Business Post's View

Editorial: Truss has taken a wrecking ball to what’s left of Britain after Brexit

Conservatism is an enduring and honourable political creed that has been debased and discredited by incompetent extremists

Dan O’Brien: Sinn Féin should heed the cautionary tale of Britain’s budgetary blunders

The policy-induced implosion of the British economy could easily be mirrored here if the next government was to play the populist card at the expense of fiscal responsibility

Aidan Regan: Britain’s self-inflicted woes may well be a warning sign of things to come in Europe

Europe might find itself in the same position as Britain if the ECB continues to pursue an aggressive quantitative tightening strategy

UK markets whipsaw as confusion reigns over pension support

Bank of England doubles-down on end to bond-buying

Daniel Murray: Fear and optimism as British soften stance ahead of protocol negotiations

Talks have resumed on the Northern Ireland protocol – and while Britain and the EU are sounding tentative notes of compromise, it is clear that time is running out to agree a solution

Former UK minister for Northern Ireland fired after misconduct complaint

The dismissal has put a renewed focus on the behavior of Conservative MPs

Northern Ireland

Analysis: Baker apology a clear sign the British government wants to end the NI protocol debacle

With a litany of other issues facing Liz Truss’ government at home, it is perhaps unsurprising that Steve Baker’s apology has signalled a new direction on the protocol.

The Big Picture

Vincent Boland: Tories have learned nothing from history as they believe their own delusions

There are many examples to debunk the myth that the Conservatives are the party of fiscal discipline; chancellor Kwasi Kwarteng’s ruinous, unfunded budget is just the latest of them

British house prices could drop 40 per cent, analyst warns

Neal Hudson says outlook is ‘terrifying’ after last week’s mini-budget, with market accelerating towards a severe housing crash

Lucinda Creighton: Has Truss’s disastrous ‘mini-budget’ just handed power to Starmer?

Britain’s ruined political and economic reputation can be traced back to Brexit, but while its new prime minister should be enjoying a honeymoon period, her political capital has been virtually wiped out with one ill-judged move