Article 63RT1 After the mourning, Truss and Kwarteng will find themselves on a sticky wicket | Larry Elliott

After the mourning, Truss and Kwarteng will find themselves on a sticky wicket | Larry Elliott

by
Larry Elliott
from on (#63RT1)

Britain's problems are not high taxation or overregulation but poor growth caused by low investment

Crunch time will come quickly for Liz Truss. After 10 days of national mourning to mark the death of Elizabeth II, Britain's economic problems will return to centre stage this week. On Thursday the Bank of England announces its latest decision on interest rates. The following day Kwasi Kwarteng's debut as chancellor will be the latest in a string of mini-budgets. Both will be significant occasions.

In one sense, Truss has benefited from attention being on the monarchy rather than on politics during her first two weeks in the job. She has been able to settle in at Downing Street and think about what to do with her new-found power. In cricketing parlance, the prime minister has had time to play herself in.

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