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Sunak Warns of Risk of Markets Losing Confidence in UK Economy

Rishi Sunak

Rishi Sunak

Photographer: Chris Ratcliffe/Bloomberg

Rishi Sunak, the underdog in the UK Conservative leadership race, has warned that the next prime minister faces the risk of markets losing confidence in Britain’s economy.

Sunak’s opponent, Liz Truss, who is widely expected to win the race to No. 10 next Monday, has said she would swiftly implement a series of tax cuts, as well as some as yet undefined support for households, at an emergency fiscal event in mid-September.