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Evening Standard
Evening Standard
Business
Bradley Gerrard

Billionaire businessman Lord Spencer praises ‘pro-business’ Truss

Former Conservative party treasurer and billionaire businessman Lord Spencer has praised Liz Truss for her pro-business stance.

(Picture: UK PARLIAMENT/AFP via Getty Imag)

Billionaire businessman Lord Spencer has praised new prime minister Liz Truss for “one of the most pro-business” stances in a generation as she batted away calls for a windfall tax on energy firms.

Lord Spencer, a former Conservative Party treasurer whose wealth is estimated at £1.2 billion, told LBC’s Nick Ferrari that Liz Truss’s performance at her first Prime Ministers Questions was particularly impressive given her clear and open refusal to levy an additional tax on the large profits being generated by energy firms.

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