• Education
    • Higher Education
    • Scholarships & Grants
    • Online Learning
    • School Reforms
    • Research & Innovation
  • Lifestyle
    • Travel
    • Food & Drink
    • Fashion & Beauty
    • Home & Living
    • Relationships & Family
  • Technology & Startups
    • Software & Apps
    • Startup Success Stories
    • Startups & Innovations
    • Tech Regulations
    • Venture Capital
    • Artificial Intelligence
    • Cybersecurity
    • Emerging Technologies
    • Gadgets & Devices
    • Industry Analysis
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy
Today Headline
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
Today Headline
No Result
View All Result
Home Politics

Liz Truss legal threat to Starmer over claim she crashed economy

January 9, 2025
in Politics
Reading Time: 3 mins read
A A
0
Liz Truss legal threat to Starmer over claim she crashed economy
12
SHARES
25
VIEWS
Share on FacebookShare on Twitter


Former Prime Minister Liz Truss has sent a legal “cease and desist” letter to Sir Keir Starmer demanding he stop saying she “crashed the economy”.

Her lawyers argue the claim made repeatedly by Sir Keir is “false and defamatory” and harmed her politically in the run-up to losing her South West Norfolk seat in the general election.

Truss was the UK’s shortest-serving PM, forced to resign after just 49 days in office when borrowing costs soared in the aftermath of her government’s mini-budget.

Downing Street has been approached for comment.

But Commons leader Lucy Powell told MPs “we won’t cease and desist from telling the truth that they [the Conservatives] crashed the economy”.

Also speaking in the Commons, Chief Secretary to the Treasury Darren Jones said the actions taken by the Conservatives in government were “not just reckless and negligent – they had a direct impact on family finances”.

Meanwhile, the pound has dropped to its lowest level in over a year and government borrowing costs have continued to rise as concerns about the public finances mount.

Sterling began to fall in value after UK 10-year borrowing costs rose again, surging to their highest level for 16 years.

Economists have warned these rising costs could force further tax rises or cuts in spending as the government tries to meet its self-imposed borrowing targets.

Powell said the cost of government debt often fluctuated “because of global markets”, but argued the Truss government’s mini-budget, in September 2022, which included wide-ranging tax cuts, had led to a market reaction “directly and immediately”.

A “cease and desist” letter usually represents a warning that the recipient will face legal action if they continue the allegedly unlawful activity.

In the letter sent to Sir Keir on Wednesday, Truss’s lawyers say his statements about their client are “false and misleading”.

“Their publication is not only extremely damaging but also grossly defamatory and indefensible… It would be hard to avoid a conclusion that they were made maliciously,” the letter adds.

Truss’s lawyers say they are seeking “an amicable basis on which you will agree to cease repetition of what is clearly a factually incorrect and defamatory statement about our client.

“This request is made in the context of the basic levels of civility which is due between senior politicians, and we trust that you will respond accordingly.”

The letter argues that the movements in financial markets during Truss’s tenure in No 10 should not be classified as an economic crash.

The weeks following the mini-budget saw adverse market reaction and mortgage costs soar.

At the Conservative Party conference in October, Truss said it would be “economic illiteracy” to suggest that tax rises from Labour – at that point anticipated in Rachel Reeves’ upcoming first Budget – were a result of her economic inheritance.



Source link

Previous Post

$1.8m awarded to family of woman in Malaysia who bled to death after giving birth

Next Post

Even after a two-day nightmare, L.A. girds for more days of fire weather

Related Posts

Spending Review to include £86bn for science and tech

Spending Review to include £86bn for science and tech

June 8, 2025
3
Trump attends UFC championship fight in NJ, taking a break from politics, Musk feud

Trump attends UFC championship fight in NJ, taking a break from politics, Musk feud

June 8, 2025
5
Next Post
Los Angeles, CA - January 08: A fire fighters sprays water on the Sunset fire o

Even after a two-day nightmare, L.A. girds for more days of fire weather

  • Trending
  • Comments
  • Latest
Family calls for change after B.C. nurse dies by suicide after attacks on the job

Family calls for change after B.C. nurse dies by suicide after attacks on the job

April 2, 2025
Pioneering 3D printing project shares successes

Product reduces TPH levels to non-hazardous status

November 27, 2024

Hospital Mergers Fail to Deliver Better Care or Lower Costs, Study Finds todayheadline

December 31, 2024

Police ID man who died after Corso Italia fight

December 23, 2024
Harris tells supporters 'never give up' and urges peaceful transfer of power

Harris tells supporters ‘never give up’ and urges peaceful transfer of power

0
Des Moines Man Accused Of Shooting Ex-Girlfriend's Mother

Des Moines Man Accused Of Shooting Ex-Girlfriend’s Mother

0

Trump ‘looks forward’ to White House meeting with Biden

0
Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

0
Jordan Love "can't wait" to face Aaron Rodgers when Packers play Steelers

Jordan Love “can’t wait” to face Aaron Rodgers when Packers play Steelers

June 8, 2025
Spending Review to include £86bn for science and tech

Spending Review to include £86bn for science and tech

June 8, 2025
Top banker vows loyalty to DEI at Tokyo Pride Parade as Trump’s pushback rages

Top banker vows loyalty to DEI at Tokyo Pride Parade as Trump’s pushback rages

June 8, 2025
Photos: LA unrest persists as protesters rally against migrant arrests

Photos: LA unrest persists as protesters rally against migrant arrests

June 8, 2025

Recent News

Jordan Love "can't wait" to face Aaron Rodgers when Packers play Steelers

Jordan Love “can’t wait” to face Aaron Rodgers when Packers play Steelers

June 8, 2025
4
Spending Review to include £86bn for science and tech

Spending Review to include £86bn for science and tech

June 8, 2025
3
Top banker vows loyalty to DEI at Tokyo Pride Parade as Trump’s pushback rages

Top banker vows loyalty to DEI at Tokyo Pride Parade as Trump’s pushback rages

June 8, 2025
4
Photos: LA unrest persists as protesters rally against migrant arrests

Photos: LA unrest persists as protesters rally against migrant arrests

June 8, 2025
7

TodayHeadline is a dynamic news website dedicated to delivering up-to-date and comprehensive news coverage from around the globe.

Follow Us

Browse by Category

  • Africa
  • Asia
  • Basketball
  • Business & Finance
  • Climate Change
  • Crime & Justice
  • Cybersecurity
  • Economic Policies
  • Elections
  • Entertainment
  • Entrepreneurship
  • Environmental Policies
  • Europe
  • Football
  • Gadgets & Devices
  • Health
  • Medical Research
  • Mental Health
  • Middle East
  • Motorsport
  • Olympics
  • Politics
  • Public Health
  • Relationships & Family
  • Science & Environment
  • Software & Apps
  • Space Exploration
  • Sports
  • Stock Market
  • Technology & Startups
  • Tennis
  • Travel
  • Uncategorized
  • Us & Canada
  • Wildlife & Conservation
  • World News

Recent News

Jordan Love "can't wait" to face Aaron Rodgers when Packers play Steelers

Jordan Love “can’t wait” to face Aaron Rodgers when Packers play Steelers

June 8, 2025
Spending Review to include £86bn for science and tech

Spending Review to include £86bn for science and tech

June 8, 2025
  • Education
  • Lifestyle
  • Technology & Startups
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy

© 2024 Todayheadline.co

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business & Finance
  • Corporate News
  • Economic Policies
  • Entrepreneurship
  • Market Trends
  • Crime & Justice
  • Court Cases
  • Criminal Investigations
  • Cybercrime
  • Legal Reforms
  • Policing
  • Education
  • Higher Education
  • Online Learning
  • Entertainment
  • Awards & Festivals
  • Celebrity News
  • Movies
  • Music
  • Health
  • Fitness & Nutrition
  • Medical Breakthroughs
  • Mental Health
  • Pandemic Updates
  • Lifestyle
  • Fashion & Beauty
  • Food & Drink
  • Home & Living
  • Politics
  • Elections
  • Government Policies
  • International Relations
  • Legislative News
  • Political Parties
  • Africa
  • Asia
  • Europe
  • Middle East
  • Artificial Intelligence
  • Cybersecurity
  • Emerging Technologies
  • Gadgets & Devices
  • Industry Analysis
  • Basketball
  • Football
  • Motorsport
  • Olympics
  • Climate Change
  • Environmental Policies
  • Medical Research
  • Science & Environment
  • Space Exploration
  • Wildlife & Conservation
  • Sports
  • Tennis
  • Technology & Startups
  • Software & Apps
  • Startup Success Stories
  • Startups & Innovations
  • Tech Regulations
  • Venture Capital
  • Uncategorized
  • World News
  • Us & Canada
  • Public Health
  • Relationships & Family
  • Travel
  • Research & Innovation
  • Scholarships & Grants
  • School Reforms
  • Stock Market
  • TV & Streaming
  • Advertise with Us
  • Privacy & Policy
  • About us
  • Contact

© 2024 Todayheadline.co