Investors should get ready for a political revolution

Liz Truss will beat Rishi Sunak, cut taxes, and then shake up the Bank of England, says Helen Thomas

Liz Truss
(Image credit: © Ian Forsyth/Getty Images)

Liz Truss and Rishi Sunak would like to convince you that they are a breath of fresh air, despite both having served in Boris Johnson’s government. New policies are being thrown around thick and fast as they spend the summer sipping warm pink fizz and eating cheese canapes with the rather niche electorate of around 160,000 Conservative Party members. Polling of the membership has consistently shown Truss (pictured) to be ahead. We believe she will be announced the winner on 5 September for three reasons.

Firstly, she has chosen policies that appeal to members. Reversing tax hikes resonates strongly across a party that has become more and more perturbed by the tax burden rising to its highest level since the World War II. Truss’s tax cuts could be inflationary, but she is pointing the finger squarely at the Bank of England (BoE) taking its eye off the ball, promising to review its mandate.

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Helen Thomas CFA has worked in financial markets for over 17 years. She founded her own macroeconomic consulting firm, BlondeMoney, in 2017 providing expert analysis on financial markets and politics.

Before that she was a Partner at a Global Macro hedge fund and Head of Currency Alpha for State Street Global Advisors. She started her career in Foreign Exchange at Merrill Lynch before going on to work for Societe Generale and SEB. She has also worked in politics, as an adviser to former Chancellor of the Exchequer George Osborne during the financial crisis.

She is a CFA Charterholder and holds a degree in Philosophy, Politics and Economics from Oxford University.

She is a Board Member of CFA UK where she is responsible for their sub-committee on the Value of the Investment Profession.

You can read more from Helen at Blonde Money