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Zahawi Working on "Options" for Next PM (7:09 a.m.) UK Chancellor of the Exchequer Nadhim Zahawi said he's "working flat out" to develop options for the next prime minister to act on energy bills. Keywords: 2672Z@LN; BUSINESS; CMD; EUROPE; GOV; NRG; UK; WORLD EN 2672Z@LN BUSINESS CMD EUROPE GOV NRG UK WORLD RH7SHKT1UM0W Bills for households with average consumption will be capped at £3,549 ($4,189) from Oct. 1, Ofgem said. Truss Vows "Flat-Out" Work; Sunak Targets Poorest: UK Energy Cap. [Extracted from the article]

2672Z@LN, BUSINESS, CMD, COS, EUROPE, GEN, GOV, INDUSTRIES, NRG, POL, UK, UTI, WORLD Keywords: 2672Z@LN; BUSINESS; CMD; COS; EUROPE; GEN; GOV; INDUSTRIES; NRG; POL; UK; UTI; WORLD EN 2672Z@LN BUSINESS CMD COS EUROPE GEN GOV INDUSTRIES NRG POL UK UTI WORLD RH7OO5T1UM0W (Bloomberg) -- Liz Truss's campaign to be UK prime minister has appeared straightforward, with promises of tax cuts and optimism in the face of an economic crisis helping her to a comfortable poll lead over Rishi Sunak. [Extracted from the article]

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The article reports on the positions expressed by candidates Liz Truss and Rishi Sunak on several issues in Great Britain as they campaign to become the next prime minister and head of the Conservative Party. Other topics include the economic challenges in the country like the high inflation, taxation, and economic stagnation, and the lead by Truss over Sunak to become the next prime minister.

The article offers economy news briefs. As is traditional whenever England's footballers do well, the country's newspapers have begun to speculate excitedly that the team could even win the whole tournament (it is equally traditional that it never actually does). The opening game packed Old Trafford, the home of Manchester United, with 68,871 spectators.

£25 Billion The amount that Chancellor of the Exchequer Jeremy Hunt, who was parachuted in by a desperate Truss and stayed on under Sunak, then raised taxes in his Nov. 17 Autumn Statement. (Bloomberg) -- From the death of its longest-reigning monarch to the arrival - and departure - of its shortest-serving prime minister, the UK endured a year of political and economic turmoil in 2022. [Extracted from the article]

Some of Johnson's allies partly blame Sunak for the former premier's downfall, while Sunak fired many of Truss's supporters from government -- including Clarke -- when he became prime minister, creating a rump of potential trouble-makers. (Bloomberg) -- Former prime ministers Liz Truss and Boris Johnson joined a parliamentary rebellion aiming to overturn England's effective ban on onshore wind farms, creating a fresh headache for UK leader Rishi Sunak. [Extracted from the article]

Some of Johnson's allies partly blame Sunak for the former premier's downfall, while Sunak fired many of Truss's supporters from government -- including Clarke -- when he became prime minister, creating a rump of potential trouble-makers. (Bloomberg) -- Former prime ministers Liz Truss and Boris Johnson joined a parliamentary rebellion aiming to overturn Britain's effective ban on onshore wind farms, creating a fresh headache for UK leader Rishi Sunak. [Extracted from the article]

(Bloomberg) -- UK consumer confidence ticked higher for a second month after Prime Minister Rishi Sunak worked to stabilize the economy following the disastrous and short tenure of his predecessor, Liz Truss. UK Consumer Confidence Ticks Up in "Sigh of Relief" After Truss "This month's fillip is likely to reflect nothing more than a collective sigh of relief as a new prime minister takes charge following the alarming fiscal antics we saw in September", said Joe Staton, client strategy director at GfK. [Extracted from the article]

(Bloomberg) -- Rishi Sunak said the UK budget this month will help the Conservative Party regain some of the trust that was lost during his predecessor's disastrous time as prime minister. In an interview with the Times published late Friday, Sunak sought to emphasize his credentials as a former chancellor of the exchequer and denounced Liz Truss's mini-budget at the end of September as a "sugar rush.". [Extracted from the article]

Just seven weeks after Truss traveled to meet Queen Elizabeth II to become premier, Sunak will meet King Charles III on Tuesday to formally replace her. (Bloomberg) -- Rishi Sunak spent the summer trying to warn the Conservative Party that Liz Truss would trash the economy if she became UK prime minister. [Extracted from the article]

Sky Bet slashed odds to 4/1 on him making a sensational return to office after the Times reported the former prime minister is expected to stand in the Tory leadership contest. Rishi Sunak, who ran against Truss in the Conservative leadership election this summer, remains Sky Bet's favorite, with the bookmaker paying out £8.64 ($7.87) for every £5 bet on the ex-chancellor. [Extracted from the article]

On the face of it, Liz Truss's days as UK prime minister look numbered and her demise imminent. There are about 100 MPs on the ideological right of the party -- including ardent Brexiteers and supporters of Johnson -- who are determined to prevent a Sunak premiership. Blocking Sunak, Mordaunt An MP on the right of the party said they are backing "ABSOM" -- Anyone But Sunak Or Mordaunt. [Extracted from the article]

Liz Truss scrapped her plan to freeze corporation tax next year in another dramatic U-turn, hours after she fired her ally Kwasi Kwarteng and replaced him with Jeremy Hunt as UK Chancellor of the Exchequer. Truss's decision means corporation tax will now rise to 25% from 19% next year, as had been planned by her predecessor, Boris Johnson and his chancellor, Rishi Sunak. [Extracted from the article]

UK Prime Minister Liz Truss says she's scrapping her plans to freeze corporation tax next year in a dramatic U-turn that comes shortly after she replaced Kwasi Kwarteng with Jeremy Hunt as Chancellor of the Exchequer. "So the way we are delivering our mission right now has to change." https://t.co/eJAe5EorEo pic.twitter.com/RAfHKaryya - Bloomberg UK (@BloombergUK) October 14, 2022 Truss's decision means corporation tax will now rise to 25% from 19% next year, as had been planned by her predecessor, Boris Johnson and his chancellor, Rishi Sunak. [Extracted from the article]

(Bloomberg) -- Under-pressure UK Prime Minister Liz Truss appointed Jeremy Hunt as her new Chancellor of the Exchequer, replacing Kwasi Kwarteng after just 38 days in office, in a last-ditch bid to reassure the financial markets she was taking a new economic path. Hunt was a high-profile supporter of Truss's opponent Rishi Sunak during this summer's leadership campaign, praising his "formidable ability" as chancellor. [Extracted from the article]

Sunak warned Truss repeatedly about the market chaos she would trigger -- a prediction that's been borne out by events. Liz Truss is preparing to reverse parts of her economic strategy later on Friday following weeks of market pressure on the UK premier to explain how she'll pay for a massive package of tax cuts. [Extracted from the article]

Front Runners After coming second to Truss in this summer's Tory Party leadership election, Rishi Sunak is now Sky Bet's favorite to take over if the premier is forced out. Liz Truss's faltering resolve on her economic plans amid market turmoil and a clamor from her own Conservative Members of Parliament to reverse course has left the UK prime minister's position looking increasingly precarious. [Extracted from the article]

In the first sign of outreach, Truss appointed Greg Hands -- a prominent supporter of Rishi Sunak's failed leadership campaign -- as a minister in the Department for International Trade late Sunday. (Bloomberg) -- Liz Truss is preparing for battle with her ruling Conservative Party as she gears up for crunch meetings with backbench MPs and her cabinet in a bid to quash any attempt at rebellion just one month into her UK premiership. [Extracted from the article]

Ex-Chancellor of the Exchequer Rishi Sunak is the front-runner to replace Truss, with Kemi Badenoch, international trade minister, and former Prime Minister Boris Johnson also potential contenders, the bookmaker said. Truss Rules Out U-Turn as Her Unfunded UK Tax Cuts Roil Markets While those odds suggest there is still only approximately a 13% chance Truss will be replaced this year, the likelihood that she will exit Downing Street in 2023 is much higher, at about 60%, odds suggest. (Bloomberg) -- UK Prime Minister Liz Truss faces a growing likelihood of being forced from office before the end of this year as her administration is engulfed by a economic crisis, odds from Ladbrokes show. [Extracted from the article]

Truss is set to be appointed as the UK's new prime minister after winning the race to succeed Boris Johnson as leader of the Conservative Party against former Chancellor of the Exchequer Rishi Sunak on Monday. (Bloomberg) -- UK bookmaker William Hill says the odds are that Liz Truss will have a shorter premiership than Theresa May, who served 1,106 days. [Extracted from the article]

Truss, who on Monday beat former Chancellor of the Exchequer Rishi Sunak in the contest to be Conservative Party leader, has remained tight-lipped on her plans for virtual currencies to date. Britain's prospects as a crypto hub remain uncertain after Liz Truss won the race to be its new prime minister, leaving entrepreneurs and investors wondering what policies -- if any -- await the digital asset industry under fresh leadership. [Extracted from the article]

Truss, the foreign secretary, has held a consistently wide lead over her rival Rishi Sunak in polling of Conservative members ahead of the party's announcement of the winner on Monday. (Bloomberg) -- Kwasi Kwarteng is in advanced talks over who would be in his Treasury team in anticipation that Liz Truss will become UK prime minister next week and name the business secretary as her Chancellor of the Exchequer. [Extracted from the article]

Speaking at a Conservative leadership hustings in Birmingham, Truss said "there will need to be a fiscal event", following criticism this week that she would seek to hold a fast-tracked emergency budget short-circuiting the usual oversights. Both Truss and her opponent, Rishi Sunak, recommitted to cracking down on people trafficking gangs, after provisional government figures recorded 1,295 migrants arriving across the English Channel on small boats on Monday. (Bloomberg) -- Liz Truss, the favorite to be the next UK prime minister, has confirmed she would hold a fiscal event in her first weeks in office and hinted at targeted cost-of-living support for pensioners. [Extracted from the article]

Sunak has been suggested in UK newspapers as a potential health secretary under Truss. (Bloomberg) -- UK leadership contender Rishi Sunak indicated he would not serve in a government run by his Conservative rival Liz Truss if she becomes prime minister next month. [Extracted from the article]

The author reflects on the scheduled election in Great Britain to determine whether Conservative politicians Rishi Sunak or Liz Truss will replace former Prime Minister Boris Johnson. Also cited are the resignation of Johnson in July 2022, the challenges facing the next prime minister like high inflation, decline in real wages, and the plans of the candidates on the economy like tax cuts, rebates, and targeted benefits.

(Bloomberg) -- Rishi Sunak has told Liz Truss, his rival and the front-runner in the race to be the next UK prime minister, she can't deliver both support for struggling British households this winter and stick to her flagship policy of tax cuts. "The reality is that Truss cannot deliver a support package as well as come good on £50 billion worth of unfunded, permanent tax cuts in one go", a spokesperson for the Sunak campaign said. [Extracted from the article]

(Bloomberg) -- The Labour Party has surged to its biggest lead over the Conservatives in almost a decade, a YouGov poll for the Times showed, underlining the challenges facing whoever takes over from Boris Johnson as UK prime minister next month. Here's Where UK's Truss, Sunak Stand on Issues from Tax to China Gove, a former education secretary who was fired by Johnson last month, said Truss's proposal for tax cuts to revive the economy would only benefit the rich. [Extracted from the article]

(Bloomberg) -- Neither Liz Truss nor Rishi Sunak are promising enoughassistance to help ordinary Britons cope with soaring energy bills,Conservative Party members told Bloomberg, with some going as far as tosay the UK's next prime minister should match the opposition LabourParty's expensive plans. But of the two Tory candidates, it's Sunak who has put the most flesh tothe bones of his plans, saying he'll spend an additional £10 billion bycutting VAT from energy bills and expanding a grant program he announcedearlier this year when he was Chancellor of the Exchequer. [Extracted from the article]

Some 60% of the 961 Tory members polled by the influential website saidthey favored Truss to become the Conservative Party's new leader, whilejust 28% backed Sunak, ConservativeHome said on Wednesday. (Bloomberg) -- Liz Truss led Rishi Sunak by 32 points in the latest surveyof UK Tory members by the ConservativeHome website, suggesting she remainson track to win the race to succeed Boris Johnson as prime minister. [Extracted from the article]

Sunak also launched another broadside at Truss's proposal to cut taxes. (Bloomberg) -- Rishi Sunak has ruled out freezing the UK's energy pricecap if he becomes prime minister, while his rival Liz Truss warnedagainst "throwing money" at a short-term fix for the looming winterbills crisis. [Extracted from the article]

But Truss rejected that approach, arguing: "One thing I absolutely don't support is a windfall tax. (Bloomberg) -- Conservative leadership front-runner Liz Truss ruled out a fresh windfall tax on energy companies if she becomes prime minister, while her opponent Rishi Sunak vowed to find up to another £10 billion to help Britons pay for soaring power bills. [Extracted from the article]

"Because whatever the "boosterish" talk of others, you can't heat your home with hope", Sunak said in a swipe at some of Truss's previous comments. (Bloomberg) -- Conservative leadership front-runner Liz Truss ruled out a fresh windfall tax on energy companies if she becomes prime minister, while her opponent Rishi Sunak vowed to find up to another £10 billion to help Britons pay for soaring power bills. [Extracted from the article]

The main division is over management of the economy, with Truss, the front-runner, advocating immediate tax cuts to spur growth, and Sunak saying the priority is to get runaway inflation under control. (Bloomberg) -- Foreign Secretary Liz Truss and former Chancellor of the Exchequer Rishi Sunak are engaged in a two-month battle to succeed Boris Johnson as UK Prime Minister, and both have announced a slew of policies in their bid to win votes among the Tory faithful. [Extracted from the article]

After the Bank of England laid bare the realities facing Britain'snext leader, whether Sunak can overhaul Truss's lead is likely todepend in large part on which candidate Tory party members trustto turn the economy around. 6, BOE forecasts posted Thursday see a deepening economiccrisis with the UK weeks away from entering a recession that willlast for more than a year. [Extracted from the article]

One of them was Lisa Rowe, who arrived at Wednesday'shustings in Cardiff, Wales wearing two stickers on her T-shirt:"Liz for Leader" and "Ready for Rishi." (Bloomberg) -- With Liz Truss seemingly on course to beConservative Party leader and the next UK prime minister, heropponent, Rishi Sunak, is pinning his hopes on undecided Torymembers and the difficulties in polling them. [Extracted from the article]

Truss received the backing of former chancellor and leadership contender Sajid Javid on Wednesday evening, a blow to her rival Rishi Sunak who'd previously worked with Javid in the Treasury. (Bloomberg) -- UK Foreign Secretary Liz Truss bounced back from an embarrassing policy U-turn to regain the momentum in the race to be Britain's next prime minister, buoyed by a fresh major endorsement and strong polling figures. [Extracted from the article]

(Bloomberg) -- Liz Truss's about-turn on public sector pay policy has dented her campaign to become the UK's next prime minister. The foreign secretary was in the ascendancy against rival Rishi Sunak amid favorable polling and increasingly confident performances in televised debates since the Conservative Party leadership race narrowed to two candidates on July 20. [Extracted from the article]