Ms Truss has signalled a “profound shift” in economic policy by launching a defence of tax cuts for the wealthy, reports the Financial Times. The paper contrasts the PM’s stance with that of US President Joe Biden, who said on Monday that he was “sick and tired of trickle-down economics”, ahead of a planned meeting between the two leaders.
Sources suggest the UK has moved past its technical recession with first-quarter growth surpassing that of the US and Eurozone, a positive development for Rishi Sunak.