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The Guardian - UK
The Guardian - UK
Business
Tobi Thomas and Rowena Mason

Truss poised to plunge UK economy into ‘inflation spiral’, says Sunak

The artist Ciaran Gallagher paints Larry the cat on to a mural in Belfast city centre depicting the Tory leadership battle between Liz Truss and Rishi Sunak.
The artist Ciaran Gallagher paints Larry the cat on to a mural in Belfast city centre depicting the Tory leadership battle between Liz Truss and Rishi Sunak. Photograph: Clodagh Kilcoyne/Reuters

Liz Truss will plunge the economy into an “inflation spiral” if she does not choose between her unfunded £50bn tax cuts and providing cost of living support, her Conservative party leadership opponent, Rishi Sunak, has claimed.

Sunak’s leadership campaign said Truss would increase borrowing to “historic and dangerous levels” and place public finances into “serious jeopardy” if she attempted to do both.

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